Eric Trump, the son of US President Donald Trump, said the World Liberty Financial’s dollar denominated stableecoin (USD1) has officially been elected as the official stableecoin to close MGX’s $ 2 billion invest in Binance.
The Token2049 event in Dubai also announced Trump that the USD1 will integrate with the Tron -Ecosystem, supported by billionaire Justin Sun.
Earlier this year, ABU Dhabi-based investment company MGX put $ 2 billion to buy a share in Binance and mark one of the first institutional investments in the world’s largest exchange.
The Trump family that supported World Liberty Financial announced its plans to launch a dollar stacked stablecoin with Bitgo in March.
“USD1 will be one of the most transparent and regulated stableecoin in the world. It is supported by the short -term treasury and cash equivalent, not only do we want to create a product in our stable point USD, one that can be sent across borders in a very trouble -free way, but transparency and honest, consumer security is paramount, right?” Trump added.
World Liberty’s co-founder, Zach Witkoff, who spoke at the same event, teased several future partnerships for the Defi Protocol.
“We have a lot on our way to the freedom of the world, so keep an eye on. We are working on, you know, a lot of different defi integrations. Right now we aim to establish USD1 as the preferred stablecoin in the defi and the CEFI ecosystem. Working really hard, you know to get integrations in the traditional sale of sales systems,” Witkoff said.
Update (1 May 2025, 09:50 UTC): Adds further comment from Zach Witkoff about World Liberty.
