{"id":24829,"date":"2025-05-02T05:31:47","date_gmt":"2025-05-02T05:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24829"},"modified":"2025-05-02T05:31:47","modified_gmt":"2025-05-02T05:31:47","slug":"trump-linked-stablecoin-used-in-2b-binance-deal-with-abu-dhabi-firm","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24829","title":{"rendered":"Trump-Linked Stablecoin Used in $2B Binance Deal With Abu Dhabi Firm"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">In one of the more surreal twists in the ongoing crypto-political soap opera, a $2 billion investment deal in Binance <\/span><span data-preserver-spaces=\"true\">just<\/span><span data-preserver-spaces=\"true\"> got an extra dose of intrigue. An Abu Dhabi investment firm is buying a minority stake in the <\/span><span data-preserver-spaces=\"true\">world\u2019s<\/span><span data-preserver-spaces=\"true\"> biggest crypto exchange, and the deal is <\/span><span data-preserver-spaces=\"true\">being done<\/span><span data-preserver-spaces=\"true\"> in a stablecoin backed by none other than the Trump family. Yes, really. This marks the first time a Trump-linked stablecoin has been used in a high-profile crypto exchange deal.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The token, USD1, is issued by World Liberty Financial, a relatively new player on the stablecoin scene that comes with a lineup of Trump-branded roles, from<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">DeFi visionary<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">Barron Trump to<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">Web3 ambassadors<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">Eric and Don Jr. <\/span><span data-preserver-spaces=\"true\">The deal was revealed<\/span><span data-preserver-spaces=\"true\"> at TOKEN2049 Dubai and is already raising a ton of eyebrows.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Players and the Deal<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The firm behind the investment is MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, who <\/span><span data-preserver-spaces=\"true\">also happens to be<\/span><span data-preserver-spaces=\"true\"> the <\/span><span data-preserver-spaces=\"true\">UAE\u2019s<\/span><span data-preserver-spaces=\"true\"> national security adviser. MGX <\/span><span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> new to throwing money at bold tech ventures. <\/span><span data-preserver-spaces=\"true\">They\u2019ve<\/span><span data-preserver-spaces=\"true\"> previously linked up with BlackRock and Microsoft on a $30 billion AI fund. This time, <\/span><span data-preserver-spaces=\"true\">they\u2019re<\/span><span data-preserver-spaces=\"true\"> going big on crypto.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump&#8217;s World Liberty Financial says Abu Dhabi&#8217;s MGX fund is making a $2B investment in Binance using World Liberty&#8217;s USD1 stablecoin, raising ethical concerns (<a href=\"https:\/\/twitter.com\/yaffebellany?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@yaffebellany<\/a> \/ New York Times)<a href=\"https:\/\/t.co\/RSm948t9Bp\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/RSm948t9Bp<\/a><a href=\"https:\/\/t.co\/lMaZcxKDWT\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/lMaZcxKDWT<\/a><a href=\"https:\/\/t.co\/ZOzeer2dpR\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/ZOzeer2dpR<\/a><\/p>\n<p>\u2014 Techmeme (@Techmeme) <a href=\"https:\/\/twitter.com\/Techmeme\/status\/1918095352902893659?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 2, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The twist? Instead of wiring over U.S. dollars or using a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> stablecoin like USDC, MGX is using USD1, a relatively obscure stablecoin until now, launched last year by World Liberty Financial. <\/span><span data-preserver-spaces=\"true\">That company <\/span><span data-preserver-spaces=\"true\">was co-founded<\/span><span data-preserver-spaces=\"true\"> by<\/span><span data-preserver-spaces=\"true\"> Zach Witkoff, son of real estate developer and Trump ally Steve Witkoff.<\/span><span data-preserver-spaces=\"true\"> And the Trump <\/span><span data-preserver-spaces=\"true\">family\u2019s<\/span><span data-preserver-spaces=\"true\"> involvement is anything but subtle.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to company materials, President Donald Trump <\/span><span data-preserver-spaces=\"true\">is listed<\/span><span data-preserver-spaces=\"true\"> as<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">chief crypto advocate.<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">Eric and Don Jr. are<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">Web3 ambassadors,<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">and Barron is, no joke, the<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">DeFi visionary.<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">It sounds like <\/span><span data-preserver-spaces=\"true\">parody<\/span><span data-preserver-spaces=\"true\">, but <\/span><span data-preserver-spaces=\"true\">it\u2019s<\/span><span data-preserver-spaces=\"true\"> real. USD1 is pegged to the dollar and supposedly backed by U.S. Treasuries, like other stablecoins that aim to keep a 1:1 value with the greenback.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/worldlibertyfi?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@worldlibertyfi<\/a> <a href=\"https:\/\/t.co\/mwhVIzPJyq\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/mwhVIzPJyq<\/a><\/p>\n<p>\u2014 Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1829141447087648796?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 29, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-preserver-spaces=\"true\">Why This Is Raising Eyebrows<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Let\u2019s<\/span><span data-preserver-spaces=\"true\"> be <\/span><span data-preserver-spaces=\"true\">clear,<\/span><span data-preserver-spaces=\"true\"> $2 billion <\/span><span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> pocket change. U<\/span><span data-preserver-spaces=\"true\">sing a politically-linked stablecoin to move that kind of <\/span><span data-preserver-spaces=\"true\">money<\/span><span data-preserver-spaces=\"true\">\u00a0into a crypto exchange that recently got slammed with criminal charges in the <\/span><span data-preserver-spaces=\"true\">U.S.<\/span><span data-preserver-spaces=\"true\">\u00a0raises all sorts of red flags.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_68145768ad4cc\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_68145768ad4cc-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_68145768ad4cc-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68145768ad4cc-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68145768ad4cc-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68145768ad4cc-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_68145768ad4cc-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_68145768ad4cc-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_68145768ad4cc-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_68145768ad4cc-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_68145768ad4cc-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_68145768ad4cc-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_68145768ad4cc-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><b>DISCOVER: <\/b><a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\"><b>Top 20 Crypto to Buy in March 2025<\/b><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Binance, of course, pleaded guilty in 2023 to violating U.S. <\/span><span data-preserver-spaces=\"true\">anti-money-laundering<\/span><span data-preserver-spaces=\"true\"> laws. It agreed to billions in penalties and has been under strict federal monitoring ever since. So <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> idea that a Trump-connected asset is now part of <\/span><span data-preserver-spaces=\"true\">Binance\u2019s<\/span><span data-preserver-spaces=\"true\"> rebound story? <\/span><span data-preserver-spaces=\"true\">That\u2019s<\/span><span data-preserver-spaces=\"true\"> bound to attract <\/span><span data-preserver-spaces=\"true\">attention<\/span><span data-preserver-spaces=\"true\">\u00a0and likely investigation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Critics <\/span><span data-preserver-spaces=\"true\">are<\/span><span data-preserver-spaces=\"true\"> also <\/span><span data-preserver-spaces=\"true\">pointing<\/span><span data-preserver-spaces=\"true\"> out the <\/span><span data-preserver-spaces=\"true\">obvious<\/span><span data-preserver-spaces=\"true\"> conflict of interest <\/span><span data-preserver-spaces=\"true\">concerns<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> If the Trump family profits from this <\/span><span data-preserver-spaces=\"true\">stablecoin<\/span><span data-preserver-spaces=\"true\"> and a deal involving Binance, how does that affect the perception of impartiality, especially with Trump running for office again?<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Add <\/span><span data-preserver-spaces=\"true\">in<\/span> <span data-preserver-spaces=\"true\">that<\/span><span data-preserver-spaces=\"true\"> some buyers of USD1 tokens reportedly include foreign nationals who <\/span><span data-preserver-spaces=\"true\">wouldn\u2019t<\/span><span data-preserver-spaces=\"true\"> be allowed to donate to U.S. political campaigns, and the ethical maze gets even more complicated.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Conclusion<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">A $2 billion crypto investment was always going to make headlines. But doing it through a stablecoin branded with the Trump name pushes this story into <\/span><span data-preserver-spaces=\"true\">totally<\/span><span data-preserver-spaces=\"true\"> uncharted territory. <\/span><span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> a reminder that <\/span><span data-preserver-spaces=\"true\">in crypto, politics, and finance,<\/span><span data-preserver-spaces=\"true\"> the lines are getting blurrier by the day.<\/span><span data-preserver-spaces=\"true\"> Whether this move holds up to legal scrutiny is another question <\/span><span data-preserver-spaces=\"true\">ent<\/span><span data-preserver-spaces=\"true\">irely, one<\/span><span data-preserver-spaces=\"true\"> th<\/span><span data-preserver-spaces=\"true\">at regulators may soon <\/span><span data-preserver-spaces=\"true\">be forced<\/span><span data-preserver-spaces=\"true\"> to answer.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        An Abu Dhabi firm, MGX, is investing $2 billion in Binance using USD1, a Trump-linked stablecoin issued by World Liberty Financial.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        USD1 is pegged to the U.S. dollar and promoted by the Trump family, with roles like \u201cchief crypto advocate\u201d (Donald Trump) and \u201cDeFi visionary\u201d (Barron Trump).    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The deal was unveiled at TOKEN2049 Dubai and has sparked ethical concerns due to the Trump family\u2019s involvement and Trump\u2019s active political campaign.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Binance<\/li>\n<p><\/span><span data-preserver-spaces=\"true\">, which<\/span><span data-preserver-spaces=\"true\"> pleaded guilty to U.S. AML violations in 2023<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">is still under federal oversight, adding regulatory pressure to the already controversial deal.<\/span><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Critics warn <\/li>\n<p><\/span><span data-preserver-spaces=\"true\">the use of<\/span><span data-preserver-spaces=\"true\"> a politically branded stablecoin in a multibillion-dollar transaction could trigger legal and conflict-of-interest investigations.<br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/trump-linked-stablecoin-used-in-2b-binance-deal-with-abu-dhabi-firm\/\">Trump-Linked Stablecoin Used in $2B Binance Deal With Abu Dhabi Firm<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In one of the more surreal twists in the ongoing crypto-political soap opera, a $2 billion investment deal in Binance just got an extra dose of intrigue. An Abu Dhabi investment firm is buying a minority stake in the world\u2019s biggest crypto exchange, and the deal is being done in a stablecoin backed by none [&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-24829","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\/24829","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=24829"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24829\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}