Trump family crypto venture tapped as part of $2B Emirati-backed investment deal
An Abu Dhabi state-backed investment firm is making a major $2 billion investment in a crypto business deal that could serve as a major boost for Trump family crypto venture World Liberty Financial, according to Zach Witkoff, co-founder of World Liberty Financial.
USD1, World Liberty Financial’s so-called “stablecoin” — a digital asset designed to maintain a stable value — is expected to be used to complete Emirati investment firm MGX’s $2 billion investment transaction in crypto exchange Binance, Witkoff said during an appearance with President Donald Trump’s son Eric Trump at a crypto convention in Dubai this week.
“We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2…
