In a significant step to advance digital asset adoption, Abu Dhabi-based investment firm MGX Fund Management Limited will use the stablecoin launched by US President Donald Trump’s World Liberty Financial for its $2 billion investment in crypto exchange Binance. Eric Trump, son of Donald Trump, announced this move at Token 2049, Dubai, a global crypto event that took place on April 30 and May 1, 2025.
Speaking at the event, Zach Witkoff, co-founder of World Liberty Financial, remarked that the $2 billion investment will be closed with the addition of USD1.
Earlier in March 2025, the tech investment company announced that it invested $2 billion worth of stablecoins in Binance. The latest decision specifically indicates the inclusion of the stablecoin USD1 into the investment.
Importantly, this step underscores MGX’s debut entry into the crypto/blockchain sector. And, for Binance, MGX is the first institution to invest in the crypto exchange. Founded in 2024, MGX is an AI and advanced technology investor located in Abu Dhabi.
World Liberty Financial is a crypto venture and a decentralized finance (DeFi) protocol founded in 2024, with its ticker name $WLFI. It rolled out the stablecoin USD1 on March 25, 2025.
Besides integrating with MGX, Eric Trump declared that USD1 will enter to Tron ecosystem, a blockchain platform owned by billionaire Justin Tron.
Following the remarkable announcement, Ahmed Yahia, Managing Director and CEO of MGX, commented in a press release that together with Binance, the team is committed to building a “more inclusive and robust digital finance ecosystem.”
Meanwhile, Binance CEO Richard Teng said:
“Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry.”
With a market cap of $2.12 billion, USD1 trades at $0.9997 at the time of reporting.
