Abu Dhabi Firm Announces $2 Billion Investment in Binance Using Donald Trump’s Crypto Venture
Dubai, UAE – May 1, 2025
In a significant development within the cryptocurrency landscape, an Abu Dhabi-based investment firm, MGX, has confirmed its intention to invest $2 billion into Binance, the world’s largest cryptocurrency exchange. This investment will leverage USD1, a newly launched stablecoin from World Liberty Financial, co-founded by Donald Trump’s associates.
World Liberty Financial aims to disrupt traditional banking by providing individuals with direct access to financial services through its cryptocurrency initiatives. Earlier this year, the company unveiled its stablecoin, USD1, which is pegged to the US dollar and backed by US treasuries and other cash-equivalent assets. This stablecoin has quickly gained traction in the crypto market.
Zach Witkoff, a co-founder of World Liberty and son of Trump’s former envoy Steve Witkoff, announced the news at a crypto conference in Dubai. He stated, "We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance." This statement not only highlights the significance of the deal but also underscores the increasing influence of World Liberty within the global crypto sector.
USD1 is issued on Binance’s blockchain, which illustrates the deepening ties between World Liberty and Binance. As stablecoins gain popularity as a cornerstone in cryptocurrency trading, their issuers stand to benefit from interest earned on the assets backing them.
According to data from CoinMarketCap, the circulating value of USD1 has reached approximately $2.1 billion, making it one of the fastest-growing stablecoins currently available. However, the identities of its major holders remain largely shrouded in mystery. Insights from crypto research firm Arkham reveal that an anonymous cryptocurrency wallet received the significant sum of $2 billion worth of USD1 between April 16 and April 29, though its ownership has not been verified.
The announcement of this investment follows a recent public meeting in Abu Dhabi involving Changpeng Zhao, founder of Binance, who was previously incarcerated in the United States after pleading guilty to charges related to money laundering. Zhao shared a photograph of himself with Zach Witkoff and other World Liberty co-founders on social media, underscoring the ongoing connections between these entities as they navigate the evolving landscape of cryptocurrency.
As the cryptocurrency market continues to expand, the implications of this investment—along with its underlying regulatory environment—will be closely monitored by industry stakeholders and critics alike. The collaboration between a Trump-associated venture and one of the largest crypto exchanges could signify notable shifts in both investment strategies within the crypto sphere and the involvement of high-profile figures in the industry’s deregulation discussions.
This investment marks another chapter in the intersection of politics, finance, and technology, as the implications of crypto regulations remain hotly debated globally.
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