CoinDesk 2025-05-01 09:27:55

World Liberty's Stablecoin Will Be Used to Close MGX's $2B Binance Investment: Eric Trump

Eric Trump, son of U.S. President Donald Trump, said that World Liberty Financial's dollar denominated stablecoin (USD1) has been officially selected as the official stablecoin to close MGX’s $2 billion investment in Binance. Speaking at the Token2049 event in Dubai, Trump also announced that USD1 will be integrating with the Tron ecosystem, which is backed by billionaire Justin Sun. Earlier this year, Abu Dhabi-based investment firm MGX put $2 billion to buy a stake in Binance, marking one of the first institutional investment in the world's largest exchange. The Trump-family backed World Liberty Financial, announced its plans for launching a dollar-backed stablecoin with BitGo in March. “USD1 will become one of the most transparent and regulated stablecoin in the world. It is backed by short term treasury and cash equivalent, not only do we want to create a product in our stable point USD, one that can be sent across borders in a very seamless way, but transparency and frankly, consumer safety is paramount, right?” Trump added. World Liberty's co-founder, Zach Witkoff, speaking at the same event teased more future partnerships for the DeFi protocol. “We have a lot on the way at World liberty, so stay tuned. We're working on, you know, a lot of different DeFi integrations. Right now, we do aim to establish USD1 as the preferred stablecoin in the DeFi and CeFi ecosystem. Working really hard on, you know, getting integrations into traditional retail point of sale systems,” Witkoff said. UPDATE (May 1, 2025, 09:50 UTC) : Adds additional comment from Zach Witkoff on World Liberty.

La maggior parte ha letto le notizie

Cardano Eyes the Psychological Price of $1, T...
2025-05-02
Crypto skeptic to release SBF, Mashinsky inte...
2025-05-02
Analyst Suggests Bitcoin Could Reach $135,000...
2025-05-02
Chainlink’s Inverse Head and Shoulders Patter...
2025-05-02
Potential eToro IPO: What a U.S. Nasdaq Listi...
2025-05-02
UK Regulator FCA Plans to Ban Investors from...
2025-05-02
Bitcoin data, macroeconomic charts point to n...
2025-05-02
Fidelity: Gold to Pass Baton to Bitcoin
2025-05-02

https://www.digistore24.com/redir/325658/ceobig/

Notizie correlate

Here are the Bitcoin Peak Price Predictions for 20...
02 May 2025
Tether Plans to Launch U.S. Stablecoin by Early 20...
02 May 2025
'Grok Is Woke!' MAGA Users Furious as Elon Musk's...
02 May 2025
Who’s Next to List Pi Network? Major Exchanges Und...
02 May 2025
Bitcoin Threatening To Revisit All-Time Highs As M...
02 May 2025
Bitcoin Everyday Use: Former PayPal CEO Reveals Su...
02 May 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta