{"id":128365,"date":"2025-05-01T10:17:26","date_gmt":"2025-05-01T10:17:26","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128365"},"modified":"2025-05-01T10:17:26","modified_gmt":"2025-05-01T10:17:26","slug":"eric-trump-usd1-will-be-used-for-2b-mgx-investment-in-binance","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128365","title":{"rendered":"Eric Trump: USD1 will be used for $2B MGX investment in Binance"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAbu Dhabi-based investment firm MGX will be tapping a US President Donald Trump-related stablecoin to settle its $2 billion investment into Binance, the world\u2019s largest cryptocurrency exchange.<br \/>\nThe World Liberty Financial USD (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025.<br \/>\nMGX will use the USD1 stablecoin for its $2 billion investment into Binance exchange, announced Eric Trump, the son of the US president and the executive vice president of the Trump Organization, during a panel discussion at Token 2049 Dubai.<br \/>\nSource: CointelegraphMGX announced its $2 billion stablecoin investment into Binance on March 12, marking the first institutional investment in the exchange and potentially the biggest funding deal in the entire Web3 industry.<br \/>\nAt the time, Binance declined Cointelegraph\u2019s request to disclose what stablecoin was used in the transaction.\u00a0\u00a0<br \/>\nThis marks the Abu Dhabi-based investment firm\u2019s first venture into the cryptocurrency space.<br \/>\nRelated: Trump turned crypto from \u2018oppressed industry\u2019 to \u2018centerpiece\u2019 of US strategy<a href=\"https:\/\/cointelegraph.com\/news\/eric-trump-usd1-used-2-b-mgx-investment-binance?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAbu Dhabi-based investment firm MGX will be tapping a US President Donald Trump-related stablecoin to settle its $2 billion investment into Binance, the world\u2019s largest cryptocurrency exchange. The&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128365"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128365"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128365\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128365"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}