A World Liberty Financial co-founder recently revealed MGX has decided to use the crypto firm's USD1 stablecoin to make an investment into Binance. MGX's investment will total $2 billion.

Donald Trump’s stablecoin venture is being used to finalize a $2 billion investment from Abu Dhabi’s MGX into crypto exchange Binance, according to Reuters. Co-founder Zach Witkoff announced during a crypto conference in Dubai that USD1,

MGX, a fund backed by Abu Dhabi, will make a $2 billion investment in the cryptocurrency exchange Binance Holdings Ltd using a digital coin developed by a Trump family firm.