MGX Invests $2 Billion in Binance via Stablecoin, Enabling Transparent and Regulated Stablecoin Ecosystem

Eric Trump, Executive Vice President of the Trump Organization, announced a groundbreaking $2 billion investment by MGX firm into Binance at TOKEN2049 in Dubai. This investment will be facilitated through World Liberty Financial’s (WLF) stablecoin, $USD1. The announcement marks a significant step toward creating a more transparent and regulated environment for stablecoins globally. WLF plans to integrate the $USD1 stablecoin with the Tron ecosystem while aiming to become the world’s most trusted and compliant stablecoin. The investment was previously announced by Binance CEO Richard Teng in March, who confirmed that MGX would gain a minor stake in Binance. This deal will enable the integration of blockchain technology into digital finance. 🎤🇺🇸: Trump slams SWIFT at TOKEN2049 in Dubai. He argues against traditional banking and praises crypto for its speed.