Abu Dhabi state-backed MGX settled its $2 billion Binance investment in USD1, the Trump-family-linked stablecoin
The May 1, 2025 announcement was made onstage by WLF co-founder Zach Witkoff alongside Eric Trump.
Zach Witkoff
Co-founder of World Liberty Financial with Trump's sons; son of Trump Middle East envoy Steve Witkoff.
Profile sources: Reuters
Claims involving Zach Witkoff (1)
Documented relationships (1)
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| Subject | Relationship | Object | Establishes / does not establish | Sources |
|---|---|---|---|---|
| Zach Witkoff | business partner of | Donald J. Trump | Co-founded World Liberty Financial with Trump's sons; Trump is listed as co-founder emeritus, per reporting. Does not establish: The internal ownership split of the venture. | Reuters |
On the timeline
- 2025-05-01 Business USD1 announced as the stablecoin closing MGX's $2 billion Binance investment