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Abu Dhabi government fund invests $2.9 billion in Binance for Trump-linked stablecoin

2025/05/02 18:09 (Updated 2025/05/03 20:00)

CoinPost

Written by L.Kikutani

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Abu Dhabi government fund invests $2.9 billion in Binance for Trump-linked stablecoin

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Contribute using USD1

Contribute using USD1

It was revealed on the 1st that Abu Dhabi government investment company MGX will use the stablecoin "USD1" issued by World Liberty Financial, which is related to the Trump family, to invest $2 billion (approximately 300 billion yen) in the cryptocurrency exchange Binance.

MGX is a government fund specializing in cutting-edge technologies such as AI (artificial intelligence). This is the first time it has invested in the cryptocurrency and blockchain fields, and it will become a minority shareholder in Binance through this deal. It will now team up with Binance to work on innovation in the areas where AI, blockchain, and finance overlap.

The Dubai-based...

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