MGX, Abu Dhabi’s AI-focused investment firm, has made a landmark $2 billion investment in Binance using World Liberty Financial’s USD1 stablecoin. This pivotal transaction marks the largest ever investment in a crypto company and features USD1 as the official currency to facilitate it. On May 1 at Token2049, co-founder Zach Witkoff of World Liberty Financial confirmed this selection for MGX’s Binance investment, emphasizing their confidence in USD1’s role in closing this landmark deal. Witkoff stated: ‘We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance. We thank MGX and Binance for their trust in us, and we believe this is just the beginning.’