Eric Trump, son of the president of the United States, Donald Trump, said the World Liberty Financial dollar called Stablecoin (USD1) has been officially selected as the official stablecoin to close the investment of $ 2 billion mgx in Binance.
Speaking at the Token2049 event in Dubai, Trump also announced that USD1 will be integrated with the Tron ecosystem, which is backed by billionaire Justin Sun.
Earlier this year, the investment firm based in Abu Dhabi MGX put $ 2 billion to buy a participation in Binance, marking one of the first institutional investments in the world’s largest exchange.
The Trump family supported World Liberty Financial, announced its plans to launch a stablocoin backed by dollar with Bitgo in March.
“The USD1 will become one of the most transparent and regulated stablin Trump added.
The World Liberty co -founder, Zach Witkoff, speaking at the same event, mocked more future associations for the defi protocol.
“We have a lot of way in World Liberty, so they are attentive. We are working, you know, in many defi integrations.
Update (May 1, 2025, 09:50 UTC): Add additional comments from Zach Witkoff on World Liberty.
