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.
Warren, Merkley seek World Liberty Financial records on $2 billion Trump stablecoin deal involving UAE firm and Binance
U.S. Senate Committee on Banking, Housing, and Urban Affairs (minority) · Primary record
- Link
- https://www.banking.senate.gov/newsroom/minority/warren-merkley-seek-world-liberty-financial-records-on-2-billion-trump-stablecoin-deal-involving-uae-firm-and-binance
- Publication date
- Not captured — 2025; exact release date not captured in the research pass.
- Accessed
- 2026-07-21
- Last verified
- 2026-07-21
- Type
- congressional_letter
- Authors
- Sen. Elizabeth Warren, Sen. Jeff Merkley
- Notes
- Minority-committee press release and letter requesting document preservation and production. Allegations within the letter remain the senators' allegations.