Abu Dhabi Firm Invests $2 Billion in Binance via Donald Trump’s Crypto Venture
Dubai, UAE – May 1, 2025 – An Abu Dhabi-based investment firm has made headlines with its substantial $2 billion investment in Binance, the world’s leading cryptocurrency exchange, utilizing a newly launched stablecoin associated with Donald Trump’s World Liberty Financial. This announcement emphasizes the significant role that stablecoins have begun to play within the cryptocurrency landscape.
During a recent cryptocurrency conference held in Dubai, Zach Witkoff, a co-founder of World Liberty Financial, disclosed that the company’s stablecoin, USD1, will facilitate the investment from MGX, the Abu Dhabi firm. USD1, which is pegged to the US dollar and backed by US treasuries as well as other cash equivalents, was initially introduced in March 2025 in a bid to provide individuals with access to financial services without the need for traditional banking intermediaries.
“We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance,” stated Witkoff, highlighting the strategic collaboration between World Liberty and one of the most recognized names in the crypto industry. Notably, the USD1 stablecoin is issued on Binance’s own blockchain, further solidifying the synergy between the two entities.
The announcement showcases World Liberty’s rising influence in the global cryptocurrency sector, particularly given the significant scale of this investment. The staggering growth of USD1, which reportedly had a circulation value of approximately $2.1 billion as of Wednesday, positions it among the fastest-growing stablecoins in the market. However, many questions remain unanswered regarding the identities of the primary holders of USD1. Cryptocurrency research firm Arkham has provided insights into an anonymous wallet that holds $2 billion of USD1, noting that substantial transactions to the wallet occurred between April 16 and April 29. Reuters has yet to verify the ownership of the wallet in question.
This investment comes on the heels of previous controversies surrounding Changpeng Zhao, Binance’s founder and former CEO, who faced legal issues in the United States after pleading guilty to violating anti-money laundering regulations last year. Recent social media posts indicate that Zhao met with Zach Witkoff and additional World Liberty co-founders in Abu Dhabi, further linking these prominent figures in the crypto space.
As the crypto environment continues to evolve and the regulatory landscape shifts, analysts and critics alike have voiced concerns regarding the implications of industry deregulation, especially as Donald Trump’s family expands its footprint in the ever-changing digital currency arena.
With the increasing adoption of stablecoins in global cryptocurrency trading, investments like those made by MGX underscore the ongoing evolution of financial services in a decentralized framework. As the crypto market matures, the collaboration between established entities and emerging platforms like World Liberty will likely play a pivotal role in shaping its future trajectory.
Share this article:
