Stablecoin was chosen from Trump for $ 2 billion from Abu Dhabi investment

Stablecoin launched by Donald Trump One of the founders of World Liberty said on Thursday that World Liberty Financial Crypto Venture is used by an investment company in Abu Dhabi for its investment of $ 2 billion in the encryption of the Bings Stock Exchange.

It is the latest in a series of projects related to family encryption, including the “Mimi currency” that was launched in January, which has caused criticism from government ethics and political opponents over the potential conflict of interests.

The freedom scientist, which aims to allow people to reach financial services without intermediaries such as banks, said in March that it will launch $ 1, a Stablecoin dollar With the support of the American treasury, the dollar and other monetary equations.

For us to consolidate himself as a bitcoin mining center

He speaks at the Checks Conference in Dubai, Zach Wetkov, Coordinator for global freedomHe said USD1 will be used to close the 2 billion dollars investment by the Abu Dhabi -based MGX in Binance, the largest exchange of encryption in the world.

“We are excited to announce today that USD1 has been chosen as the official Stablecoin to close MGX investments in Binance,” said Wittakov, the son of Trump’s special envoy in the Middle East.

Democratic Senator Elizabeth Warren I sharply criticized the project and the American legislation commentator on Stablecoins before the Republican Senate.

Warren, a member of the US Senate Banking Committee, said that the fund “with the support of a foreign government has just announced that it will make a billion dollar deal using Stablecoins from Donald Trump.” “Meanwhile, the Senate is preparing to pass the” genius “law – the legislation of Stablecoin that will make it easy for the president and his family to formulate their own pockets. This is corruption and no Senate member should support him.

The White House and World Liberty Financial did not respond immediately to suspension requests.

Usd1 use in the deal highlights the growing world’s influence in the global encryption industry, and its relationships with Binance. Usd1 is released on Binance’s Blockchain.

Stablecoins is an increasingly profitable gear in global encryption trading. Sources usually benefit by gaining benefit from the cabinet and other assets it supports.

The value of USD1 in the international cycle was about $ 2.1 billion on Wednesday, according to Coinmarketca data, making it one of the fastest growing fastest. However, the main identity of its holders is still unclear.

An unknown portfolio of cryptocurrencies of $ 1 billion in US $ 1 and 29, according to Crypto Arkham research company data. Reuters couldn’t make sure of the owner of this portfolio.

Trump Mimi is rising, as the president offers dinner to the best holders

Binance founder and former CEO ChangPeng Zhao, who was imprisoned in the United States last year after he admitted that he was guilty of violating American laws against money laundering, Zak, Wittakov and two of the world’s worldly world founders met Abu DhabiAccording to a photo posted on the social networking site X on Sunday.

“It was great to see our friends,” in Abu Dhabi, Zhao posted in response to the photo, a mark on Witkev.

Zhao, who stepped down in 2023 of his role in Binance as part of a $ 4.3 billion settlement with the United States for illicit financial charges, remains a major contributor to Binance.

Tron integration

Separately, Zach Whitkov announced that USD1 will be combined into TON, Blockchain from the Hong Kong Justin Sun’s encryption pioneer.

Sun is the largest known investor in World Liberty and a project advisor, according to his sites on social media, after he poured at least $ 75 million in the project.

Sun was fighting a fraud in US stock at the time of his first investment in global freedom. In February, the US Securities and Stock Exchange Committee arrested its case against it, noting the public interest.

Sun turned the painting in which Witkev spoke on Thursday, with Eric Trump, son of Trump on stage.

The US President, who carried out promises to be a “president of encryption”, pledged to reform federal rules on encryption.

Trump creates the strategic bitcoin reserves, other encrypted factors to use in the stock

His company said that Trump handed over his assets to his children before returning to the White House and will not have a role in making daily decisions.