Eric Trump announces use of USD1 stablecoin in MGX's billion-dollar investment in Binance

• MGX invests US$2 billion in Binance with stablecoin USD1
• Trump-linked stablecoin USD1 gains institutional traction
• Binance receives largest stablecoin investment in 2025

During the Token2049 event in Dubai, Eric Trump revealed Abu Dhabi-based investment firm MGX will use the USD1 stablecoin to settle a $2 billion investment on Binance. The stablecoin, launched by World Liberty Financial (WLFI) in March 2025, is pegged to the US dollar and has ties to the family of former US President Donald Trump.

According to the announcement, the investment will be made entirely with the USD1 stablecoin, issued by the WLFI platform. Eric Trump, who is also the executive vice president of the Trump Organization, highlighted the use of the digital asset as a strategic part of the financial operation.

MGX had announced the investment on March 12, marking not only the first institutional investment made on Binance, but also one of the largest investments in the Web3 sector to date. At the time, the exchange did not reveal which stablecoin had been used for the transaction, keeping the details confidential until the recent announcement.

With this move, MGX begins its operations in the cryptocurrency sector, signaling a new phase in its diversification strategy. The choice of the USD1 stablecoin, associated with a well-known political figure, adds a layer of visibility and potential influence in the market.

The transaction reinforces Binance’s position as a go-to destination for large institutional investors seeking liquidity and scale in the cryptocurrency ecosystem. The use of USD1 in this type of institutional transaction could also represent an important step towards the wider adoption of policy-backed stablecoins in global markets.

Eric Trump highlighted that “the stability of USD1 will be essential to guarantee security in billion-dollar movements in the crypto market”, without giving more details about the next steps involving WLFI or the Trump Organization in this segment.