Let’s talk about what just dropped at TOKEN2049 Dubai.
Eric Trump stood on stage and made it official: USD1, a new dollar-backed stablecoin from World Liberty Financial (WLFI), will be used to close MGX’s massive $2 billion investment in Binance.
Yes, the world’s biggest exchange is now part of a high-stakes crypto deal tied to the Trump name – and it doesn’t stop there.
Trump also confirmed that USD1 is gearing up to integrate with the TRON blockchain, with backing from none other than Justin Sun. The move instantly places USD1 at the intersection of big money, blockchain, and political buzz.
Speaking to a packed room at TOKEN2049, Trump highlighted USD1’s backing: short-term U.S. treasuries and cash equivalents. He emphasized transparency and consumer safety as the stablecoin’s core principles – pointing to a future where compliant, cross-border stablecoins could become the norm.
Earlier this year, Abu Dhabi-based investment firm MGX committed $2 billion to buy a stake in Binance, making it one of the first major institutional investments in the world’s largest crypto exchange. Now, Eric Trump has confirmed that USD1 will be used to close that exact deal.
“USD1 will become one of the most transparent and regulated stablecoin in the world. It is backed by short term treasury and cash equivalent, not only do we want to create a product in our stable point USD, one that can be sent across borders in a very seamless way, but transparency and frankly, consumer safety is paramount, right?” Trump added.
Speaking at the same event, co-founder Zach Witkoff hinted at what’s next: deeper integrations across DeFi, CeFi, and even traditional retail systems.
“We have a lot on the way, so stay tuned” he said, pointing to ongoing efforts to make USD1 the preferred stablecoin across the board – whether that’s in decentralized apps or at your local point of sale.
TOKEN2049 is where the crypto industry’s biggest players go to set the tone for what’s next. Announcements like these signal momentum.
With USD1 stepping into a $2 billion Binance deal and aligning with TRON’s ecosystem, World Liberty Financial is putting down serious roots in both traditional finance and next-gen crypto infrastructure.
If this move gains traction, we could be looking at a new playbook for how stablecoins position themselves globally.
In other words, it’s looking bullish for digital assets and we couldn’t be more excited.
The crypto market is rising, and several altcoins are positioning themselves for big moves. With…
Ripple has announced a special XRP Rewards Event to show appreciation for its community. This…
A high-stakes meeting is set to take place soon, which could be a turning point…
Michael Saylor, the executive chairman of the Bitcoin-backed company Strategy, is making waves with his…
Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…
Charles Schwab, one of the world’s largest asset managers with $7.13 trillion under management, is…
