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Eric Trump Announces USD1 Stablecoin for $2 Billion Binance Deal

Coin WorldThursday, May 1, 2025 6:48 am ET

1min read

Eric Trump, son of former U.S. President Donald Trump, announced at TOKEN2049 Dubai that the USD1 stablecoin, issued by world liberty financial (WLFI), will be used to facilitate a $2 billion investment by MGX in Binance. This significant development in the cryptocurrency landscape positions USD1 for broader adoption and integration, particularly with the tron blockchain.

Trump emphasized that USD1 is backed by short-term U.S. treasuries and cash equivalents, prioritizing transparency and consumer safety. This backing aims to create a stablecoin that can be seamlessly sent across borders, adhering to regulatory standards and ensuring a compliant, cross-border stablecoin solution.

Earlier this year, MGX, an Abu Dhabi-based investment firm, committed $2 billion to acquire a stake in Binance, one of the world's largest cryptocurrency exchanges. The confirmation by Eric Trump that USD1 will be used to close this deal underscores the strategic importance of stablecoins in bridging traditional finance and the cryptocurrency market.

Trump also revealed that USD1 is set to integrate with the TRON blockchain, backed by Justin Sun. This integration leverages TRON's robust infrastructure and extensive user base, aiming to expand USD1's presence in the digital asset market. The move positions USD1 at the intersection of big money, blockchain, and political buzz, potentially driving its adoption and usage.

Zach Witkoff, co-founder of wlfi, hinted at further integrations across decentralized finance (DeFi), centralized finance (CeFi), and even traditional retail systems. This indicates WLFI's ambition to make USD1 the preferred stablecoin across various financial sectors, from decentralized apps to local points of sale.

The announcement at TOKEN2049, a significant event for the crypto industry, signals momentum and sets the tone for future developments. With USD1 stepping into a $2 billion Binance deal and aligning with TRON's ecosystem, WLFI is establishing a strong presence in both traditional finance and next-gen crypto infrastructure. This move could redefine how stablecoins position themselves globally, potentially leading to a new playbook for stablecoin adoption and usage.

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