Eric Trump, son of US President Donald Trump, said the Dollar of World Liberty Financial has officially elected Stabelcoin (USD1), which has been elected as official stabelcoin to close MGX’s 2 billion dollars in binance.
Speaking at the token2049 event in Dubai, Trump also announced that the USD1 Tron would be integrated with the ecosystem, supported by billionaire Justin Sun.
Earlier this year, Abu Dhabi-based investment firm MGX put $ 2 billion to purchase a stake in Benance, marking one of the first institutional investment in the world’s largest exchange.
Trump-Family-backed World Liberty Financial, in March announced its plans to launch a dollar-supported stabechoin with Bitgo.
“USD1 will become one of the most transparent and regulated stablecoin in the world. It is supported by short -term Treasury and Cash equivalent, not only we want to create a product in our stable point UsD, one that can be sent in a very spontaneous manner on the boundaries, but also transparency and clearly, consumer security paramount, correct?” Trump said.
World Liberty co-founder, Zach Witkoff, speaking in the same program teased more future partnership for the Defi protocol.
“We have a lot on the way in world liberty, so we are working, you know, a lot of different DEFI integration. Right now, we aim to install USD1 as a favorite stabelcoin in Defi and CEFI ecosystems.
Update (May 1, 2025, 09:50 UTC): World Liberty adds additional comments to Zach Witkoff.
