{"id":19662,"date":"2025-05-01T10:02:33","date_gmt":"2025-05-01T10:02:33","guid":{"rendered":"https:\/\/gold.creditcard\/eric-trump-usd1-will-be-used-for-2b-mgx-investment-in-binance\/"},"modified":"2025-05-01T10:02:33","modified_gmt":"2025-05-01T10:02:33","slug":"eric-trump-usd1-will-be-used-for-2b-mgx-investment-in-binance","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/eric-trump-usd1-will-be-used-for-2b-mgx-investment-in-binance\/","title":{"rendered":"Eric Trump: USD1 will be used for $2B MGX investment in Binance"},"content":{"rendered":"<p>Abu 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.<\/p>\n<p>The <a href=\"https:\/\/cointelegraph.com\/news\/world-liberty-financial-donald-trump-launches-stablecoin\" target=\"null\" title=\"null\">World Liberty Financial USD<\/a> (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025.<\/p>\n<p>MGX 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.<\/p>\n<p><em>Source: <\/em><a href=\"https:\/\/x.com\/Cointelegraph\/status\/1917876397768429938\" target=\"null\" title=\"https:\/\/x.com\/Cointelegraph\/status\/1917876397768429938\"><em>Cointelegraph<\/em><\/a><\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/abu-dhabi-mgx-backs-binance-2-billion-stablecoin-investment\" target=\"null\" title=\"null\">MGX announced its<\/a> $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.<\/p>\n<p>At the time, Binance declined Cointelegraph\u2019s request to disclose what stablecoin was used in the transaction.\u00a0\u00a0<\/p>\n<p>This marks the Abu Dhabi-based investment firm\u2019s first venture into the cryptocurrency space.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/trump-crypto-summit-us-bitcoin-policy-shift\" target=\"null\" title=\"null\"><em><strong>Trump turned crypto from \u2018oppressed industry\u2019 to \u2018centerpiece\u2019 of US strategy<\/strong><\/em><\/a><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Abu 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 World Liberty Financial USD (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025. MGX will use the USD1 [&hellip;]<\/p>","protected":false},"author":0,"featured_media":19663,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=19662"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/19663"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=19662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=19662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=19662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}