Stablecoin USD1, linked Trump, will be used in investment for USD $ 2 billion in Binance

By Hannah Pérez

The MGX company plans to pay its investment for USD $ 2 billion in Binance with USD1, the World Liberty Financial Stablecoin, according to Eric Trump during an event this week.

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MGX plans to pay its investment for USD $ 2 billion in Binance with USD1.
Eric Trump advanced the information during an event in Dubai this week.
USD1 is the Stablecoin of World Liberty Financial, the project with support of Donald Trump.
The stablecoin will be integrated into the Tron ecosystem and the team works for more associations.

USD1, a new one Stablecoin launched by the project World Liberty Financialbacked by Donald Trump, will be used to close a multimillion -dollar historical investment in cryptocurrency exchange Binance.

Eric Trump, son of the president of the United States, advanced on Wednesday that the stable currency called in dollars of World Liberty Financial (WLF) has been officially selected by Mgx to complete your investment for USD $ 2 billion in Binance.

Mgxbased in ABU Dhabi, the injection in Binance In March to buy a participation in the most great exchange in the world. The movement then marked a milestone as the greatest individual investment in a cryptocurrency company to date. It is also the first institutional investment received by the Exchange.

Speaking at the conference Token2049 In Dubai, Eric Trump said USD1 will be used to settle that agreement.

World Liberty Financiala decentralized finance platform (DEFI), presented its Stablecoin backed by US dollars, revealing that it would be launched in alliance with Bitgo.

“USD1 will become one of the most transparent and regulated stablecoins in the world. It is backed by the short -term treasure and the equivalent in cash“, Said Eric Trump, who serves as one of the managers on the WLF Board of Directors.

“Not only do we want to create a product at our stable USD point, [sino] One that can be sent through borders in a very fluid way, but transparency and frankly, consumer safety is essential, right? ”continued during a discussion panel in the event, according to the coverage of COINDESK.

USD1 is integrated with Tron and looks for more associations

Donald Trump’s son also spoke about the deficiencies of the inherited financial system, highlighting that international money shipments are often slow, expensive and complex.

“It’s a joke. Why do banks work from nine to five, Monday through Friday, with an hour and a half of lunch pause? It makes no sense”He exclaimed. “Cryptocurrencies make banks redundant“

The son of the president, who appears as executive vice president of Trump Organizationwarned in this line that banks could be extinguished in the not too distant future if they do not adopt cryptocurrencies.

Returning to World Liberty FinancialTrump said USD1 will be integrated with the ecosystem Tronbacked by billionaire Justin Sun. Meanwhile, co -founder Zach Witkoff hinted More future associations for the protocol.

“We have a lot on the way, so stay tuned. We are working on, you know, many different integrations of Defi. At this time, our goal is to establish USD1 as the preferred stable currency in the defi and CEFI ecosystem“, He said during the same event, hinting integrations even”In traditional retail points of sale systems”

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash, edited, with World Liberty Financial logo

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