Abu Dhabi state-backed AI and technology investment firm; settled its $2 billion Binance investment in USD1 and was later named for favorable export-license review in a Commerce rule.
The same state-backed firm whose $2 billion transaction used the family-linked stablecoin gains an export-control benefit; the rule's stated rationale is geopolitical.
The May 1, 2025 announcement was made onstage by WLF co-founder Zach Witkoff alongside Eric Trump.
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| Subject | Relationship | Object | Establishes / does not establish | Sources |
|---|---|---|---|---|
| MGX | invested in | Binance | A $2 billion investment announced March 12, 2025 and settled in USD1, per Reuters and The Guardian. Does not establish: That the choice of settlement currency was connected to any U.S. government action. | Reuters The Guardian |