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.
WLF's Zach Witkoff: USD1 selected as official stablecoin for MGX investment in Binance
Reuters · Secondary report
- Link
- https://www.reuters.com/world/middle-east/wlfs-zach-witkoff-usd1-selected-official-stablecoin-mgx-investment-binance-2025-05-01
- Publication date
- 2025-05-01
- Accessed
- 2026-07-21
- Last verified
- 2026-07-21
- Type
- news_report
- Notes
- Token 2049 announcement, Dubai; Zach Witkoff onstage with Eric Trump and Justin Sun.