USD1 Stablecoin Fuels $2 Billion MGX Investment in Binance

World Liberty Financial (WLFI), the company behind stablecoin USD1, has announced a groundbreaking partnership with MGX, an Abu Dhabi-based investment firm. This deal will see USD1 become the settlement currency for a $2 billion investment by MGX into Binance, a move that marks a significant milestone for WLFI’s emerging stablecoin. 🎧 The announcement was made during Token2049 conference in Dubai by Zach Witkoff, co-founder of WLFI. This partnership underscores USD1’s stability and its potential utility as the currency of choice for cross-border payments and investments.