{"id":24671,"date":"2025-05-01T10:16:42","date_gmt":"2025-05-01T10:16:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24671"},"modified":"2025-05-01T10:16:42","modified_gmt":"2025-05-01T10:16:42","slug":"eric-trump-usd1-will-be-used-for-2b-mgx-investment-in-binance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24671","title":{"rendered":"Eric Trump: USD1 will be used for $2B MGX investment in Binance"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzIyMzktNjU3Mi03MDA3LWE2ZjEtOTUyNjNjODVhNzhk.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzIyMzktNjU3Mi03MDA3LWE2ZjEtOTUyNjNjODVhNzhk.jpg\" alt=\"Eric Trump: USD1 will be used for $2B MGX investment in Binance\"><\/p>\n<p>Abu Dhabi-based investment firm MGX will be tapping a US President Donald Trump-related stablecoin to settle its $2 billion investment into Binance, the world\u2019s largest cryptocurrency exchange.<\/p>\n<p>The <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/world-liberty-financial-donald-trump-launches-stablecoin\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">World Liberty Financial USD<\/a> (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025.<\/p>\n<p>MGX will use the USD1 stablecoin for its $2 billion investment into Binance exchange, announced Eric Trump, the son of the US president and the executive vice president of the Trump Organization, during a panel discussion at Token 2049 Dubai.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01968b3e-4847-719d-bded-1b5c19b73002\" title=\"\" alt=\"Eric Trump: USD1 will be used for $2B MGX investment in Binance\"><figcaption style=\"text-align: center;\"><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/Cointelegraph\/status\/1917876397768429938\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/x.com\/Cointelegraph\/status\/1917876397768429938\"><em>Cointelegraph<\/em><\/a><\/figcaption><\/figure>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/abu-dhabi-mgx-backs-binance-2-billion-stablecoin-investment\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">MGX announced its<\/a> $2 billion stablecoin investment into Binance on March 12, marking the first institutional investment in the exchange and potentially the biggest funding deal in the entire Web3 industry.<\/p>\n<p>At the time, Binance declined Cointelegraph\u2019s request to disclose what stablecoin was used in the transaction.\u00a0\u00a0<\/p>\n<p>This marks the Abu Dhabi-based investment firm\u2019s first venture into the cryptocurrency space.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/trump-crypto-summit-us-bitcoin-policy-shift\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>Trump turned crypto from \u2018oppressed industry\u2019 to \u2018centerpiece\u2019 of US strategy<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\" label=\"Subscription Form: DeFi Newsletter\"><\/template><\/p>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi-based investment firm MGX will be tapping a US President Donald Trump-related stablecoin to settle its $2 billion investment into Binance, the world\u2019s largest cryptocurrency exchange. The World Liberty Financial USD (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025. MGX will use the USD1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24671","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24671"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24671\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}