Key Takeaways:
- MGX will invest $2 billion in Binance using USD1, a Trump-affiliated stablecoin, marking a landmark Web3 funding deal.
- Eric Trump announced the news at Token2049, criticizing traditional banking systems and highlighting crypto’s efficiency.
- The investment makes MGX the first institutional backer of Binance, signaling serious institutional entry into the crypto space.
Abu Dhabi-based investment firm MGX is set to invest $2 billion in Binance using a Trump-affiliated stablecoin, marking a major milestone in Web3 financing.
The transaction will be settled using World Liberty Financial USD (USD1), a dollar-pegged stablecoin launched in March 2025 by World Liberty Financial, a crypto platform backed by the Trump family.
đź’ĄBREAKING:
— Crypto Rover (@rovercrc) May 1, 2025
ERIC TRUMP ANNOUNCES WORLD LIBERTY FINANCIAL’S STABLECOIN, $USD1, WILL BE USED FOR MGX’S $2 BILLION INVESTMENT IN BINANCE! pic.twitter.com/lvIa5BsYN2
Eric Trump, executive vice president of the Trump Organization, announced the news during Token2049 in Dubai.
This deal, first disclosed on March 12, makes MGX the first institutional investor in Binance, signaling its bold entry into the crypto space.
During the panel, Trump criticized the inefficiencies of the traditional banking system, calling it outdated and slow, especially when compared to the speed and simplicity of stablecoin transfers.
He highlighted the lengthy processing times of SWIFT payments versus stablecoin settlements on Ethereum, which take just minutes.
Trump emphasized that crypto is reshaping finance and urged early adoption, saying the biggest winners will be those who act now rather than wait.
The deal underscores growing global confidence in crypto and the rising influence of stablecoins in major financial transactions.
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