The Abu Dhabi-based investment firm MGX will tap into a US president Donald Trump in connection with Stablecoin to resolve $ 2 billion investment in Binance, the world’s largest cryptocurrency exchange.
The World Liberty Financial USD .
MGX will use the USD1 Stablecoin for $ 2 billion investment in the Binance Exchange, Eric Trump, the son of the US president and the executive vice president of the Trump Organization, announced in a panel discussion at the token 2049 Dubai.
MGX has announced it $ 2 billion Stablecoin investment in Binance on March 12, which marked the first institutional investment in exchange and potentially the biggest deal in funding throughout the web3 industry.
At this time, Binance declined Cointelegraph’s request to reveal what Stablecoin used in the transaction.
It marked the first adventure of the Abu Dhabi firm in the cryptocurrency space.
Related: Trump turned to crypto from the ‘oppressed industry’ to ‘centerpiece’ of approach to us
