A World Liberty Financial co-founder recently revealed MGX has decided to use the crypto firm's USD1 stablecoin to make an investment into Binance. MGX's investment will total $2 billion.

Donald Trump’s stablecoin venture is being used to finalize a $2 billion investment from Abu Dhabi’s MGX into crypto exchange Binance, according to Reuters. Co-founder Zach Witkoff announced during a crypto conference in Dubai that USD1,

A stablecoin launched by Donald Trump's World Liberty Financial venture is being used by Abu Dhabi-backed investment firm MGX for its $2 billion investment in cryptocurrency exchange Binance, one of the project's founders said on Thursday.