Eric Trump: USD1 will be used for $2B MGX investment in Binance
Summary
MGX, an Abu Dhabi-based investment firm, will use the World Liberty Financial USD (USD1) stablecoin, linked to Donald Trump, to settle a $2 billion investment in Binance. This stablecoin was launched by the Trump-associated World Liberty Financial platform in March 2025. Eric Trump announced the investment during a panel at Token 2049 Dubai. This marks MGX's first venture into cryptocurrency and represents the first institutional investment in Binance, potentially the largest funding deal in the Web3 industry. Binance did not disclose the stablecoin used in the transaction when requested by Cointelegraph.
