Eric Trump, son of US President Donald Trump, said that the WORLD Liberty Financial (USD) stablecoin was officially selected as an official stable to close the investment of $ 2 billion from MGX in Binance.
Speaking during the Token2049 event in Dubai, Trump also announced that USD1 will integrate into the Tron ecosystem, which is supported by billionaire Justin Sun.
Earlier this year, the investment company based in Abu Dhabi MGX put $ 2 billion to buy participation in Binance, marking one of the first institutional investments in the largest exchange in the world.
The World Liberty Financial supported by Trump-Family, announced its plans to launch a stable-coated stable in dollars with Bitgo in March.
“The USD1 will become one of the most transparent and regulated stables in the world. It is supported by a short -term treasure and an equivalent in cash, not only do we want to create a product in our USD stable point, which can be sent through borders in a very transparent way, but transaction and frankly, consumer safety is paramed, right? ” Added Trump.
The co-founder of World Liberty, Zach Witkoff, speaking during the same event, teased more future partnerships for the Defi protocol.
“We have a lot on the path of world freedom, so stay attentive. We work, you know, a lot of different integration. At the moment, we are aiming to establish USD1 as the favorite stablecoin in the Defi and CEFI ecosystem.
Update (May 1, 2025, 09:50 UTC): Add additional comments from Zach Witkoff to World Liberty.
