An investment company supported by the State in Abu Dhabi is expected to make an investment of $ 2 billion in crypto exchange of USD1, a stablecoin developed by World Liberty Financial – a cryptographic company closely linked to the Trump family.
The announcement was made by Zach Witkoff, co-founder of World Liberty Financial, during a cryptographic convention in Dubai, where he appeared alongside Eric Trump, according to an ABC News report.
“We are delighted to announce today that USD1 has been selected as an official Stablecoin to close the investment of MGX dollars in Binance,” said Witkoff in a shared video on X (formerly Twitter).
“We thank MGX and Binance for their confidence in us, and I think that is only the beginning.”
The $ 2 billion agreement could be a central moment for the crypto-venture sustained by Trump
This agreement could mark a major turning point for the company supported by Trump.
World Liberty Financial, who includes Donald Trump and his sons Eric and Don Jr. among his supporters, has made a meticulous exam since his launch because of the previous criticism of the former president of cryptocurrencies as “scam”.
The business model of the project remained vague, but the MGX agreement placed it at the center of one of the largest cryptographic transactions of the year.
Ethics experts have raised concerns about conflicts of potential interests posed by Trump’s financial ties with cryptocurrency while maintaining a political presence.
“The President operates the gaps in the ethical laws that allow seated presidents to preserve financial interests,” said Danielle Brian, executive director of the government’s surveillance project.
The White House has not revealed how Trump’s cryptography interests are managed.
Remember when the Republicans lost their heads because Hunter Biden has made money from a Ukrainian gas company?
Flash-Forward until 2025
An Abu -Dhabi State Fund (MGX) puts $ 2 billion in the Binance exclusively via USD1 – the brand new Stablecoin controlled by world freedom… pic.twitter.com/nf7yhtgios– Ed Krassenstein (@Edkrassen) May 2, 2025
The announcement of the USD1 occurred during a “cat by the fireside” moderated by the crypto magnate Justin Sun.
Sun, who has a history of regulatory control, has become one of the largest donors of World Liberty Financial A day before the inauguration of Trump in 2024, would have bought $ 75 million in WLFI, another token issued by the company.
A month later, a case of fraud against Sun was abandoned by the lawyers of the SEC under the Trump administration.
World Liberty Financial to integrate USD1
Witkoff also revealed that World Liberty Financial will natively integrate USD into the Blockchain Tron, founded by Sun.
He said the company expects to enter “hundreds of millions to billions of dollars” of USD1 value, which he described as “the most transparent and regulated stable in the world”, supported one by short -term treasury bills and cash equivalents.
Last week, the Trump organization said that it would begin to accept cryptocurrency payments for sales of goods in its luxury tower by $ 1 billion in Dubai, increasing its expansion in digital assets and the high-end real estate market in the Gulf region.
The Trump International Hotel and Tower of Dubai, unveiled earlier this year, is the last in partnership of the family with Damac Properties based to water.
Meanwhile, Trump Media & Technology Group (TMTG), the media company behind Truth Social, weighs the launch of a utility token and a digital portfolio as part of an expansion of its streaming platform, Truth +.
The “Stablecoin” position linked to Trump1 to feed the Emirati investment by $ 2 billion in Binance appeared first on Cryptonews.
