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.

The $2 billion MGX-Binance deal will be settled in WLFI’s USD1 stablecoin. Eric Trump announced this partnership at the TOKEN2049 event. USD1’s role in the

Abu Dhabi-based investment firm MGX will settle its $2 billion investment in Binance using a stablecoin tied to U.S. President Donald Trump’s family,