MGX Will Be Tapping a US President Donald Trump-related Stablecoin to Settle Its $2 Billion Investment into Binance

The World Liberty Financial USD (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025.

Abu Dhabi-based investment firm MGX will be tapping a US President Donald Trump-related stablecoin to settle its $2 billion investment into Binance, the world’s largest cryptocurrency exchange.

The World Liberty Financial USD (USD1) US dollar-pegged stablecoin was launched by the Trump-linked World Liberty Financial (WLFI) crypto platform in March 2025.

MGX will use the USD1 stablecoin for its $2 billion investment into Binance exchange, announced Eric Trump, the son of the US president and the executive vice president of the Trump Organization, during a panel discussion at Token 2049 Dubai.

MGX announced its $2 billion stablecoin investment into Binance on March 12, marking the first institutional investment in the exchange and potentially the biggest funding deal in the entire Web3 industry.

At the time, Binance declined Cointelegraph’s request to disclose what stablecoin was used in the transaction.

This marks the Abu Dhabi-based investment firm’s first venture into the cryptocurrency space.

Related: Trump turned crypto from ‘oppressed industry’ to ‘centerpiece’ of US strategy

According to a report by CCXV, MGX is also planning to invest $500 million in the US-based hedge fund, Point72, which is founded by billionaire investor and hedge fund manager, Joel Hanover.

The investment firm is aiming to invest a total of $3 billion in new Web3 projects and technologies by the end of 2025.

Earlier this year, President Trump signed an executive order to create a new US dollar digital currency, which will be launched by the Treasury Department. The order also directed several federal agencies to coordinate on issues related to private stablecoins.

In April, the US president stated that he wants to open the door for a bipartisan crypto bill to pass this year.

At the time, Trump noted that he is a big fan of crypto and believes it has the potential to revolutionize the financial industry. He added that he is particularly interested in the energy efficiency of crypto, which he sees as a key factor in the president's decision to launch a US dollar stablecoin.

"I think it's a very important time for crypto in the United States," Trump said.

"We want to have a coin that's going to be better than any other coin."