In the latest episode of “As the Crypto World Turns,” the stablecoin USD1—birthed by the industrious souls at World Liberty Financial—has been tapped to grease the wheels of a $2 billion investment from Abu Dhabi’s MGX into Binance. One imagines much back-slapping and hearty laughter all round. Meanwhile, the world of stablecoins gets its monocle out and peers at USD1, wondering if it’s about to become frightfully fashionable.
This pageantry was unveiled at the Token2049 crypto meetup in Dubai, where World Liberty co-founder Zach Witkoff leapt onstage to declare that USD1, like a freshly pressed suit, had been picked for the entire transaction. Give that man a medal—or at least a decaf latte.
MGX, headquartered in the sunlit splendor of Abu Dhabi, originally let drop this dandy deal back in March 2025. At the time, the precise stablecoin remained shrouded in more mystery than the missing half of a pair of cufflinks.
World Liberty Revels In The Spotlight 🎩
Witkoff, full of the vim and vigour one expects after successfully navigating a $2 billion playground, waxed lyrical about USD1’s appointment. Thank-yous were dispatched in the general direction of MGX and Binance, along with tantalising hints that this was just the hors d’oeuvres before a much larger feast.
This shindig also marks Binance’s maiden voyage into institutional fundraising—a grand affair for both the exchange and that plucky coin, USD1. Cue ticker-tape, brass bands, and investors dusting off their monocles.
.@justinsuntron, @EricTrump and @ZachWitkoff cozied up for a fireside chat at #TOKEN2049 Dubai.
If you missed it, @worldlibertyfi’s #USD1 will soon be perched natively on #TRON. (Just don’t try to toast marshmallows on-chain.)
— TRON DAO (@trondao) May 1, 2025
USD1 stands on the shoulders of US Treasury bills and other cashy bits, presumably chosen for their stuffiness and short attention spans. World Liberty Financial would like everyone to know they’ve been waving the transparency flag so hard it’s starting to fray at the edges.
Eric Trump—yes, the fruit of that ever-green family tree—has publicly flung his support behind the whole bally enterprise. According to him, consumer safety is a top priority, which, given the family, is reassuring or alarming, depending on your cynicism levels.
Politics, Pageantry, and Pound Notes (Well, Dollars) 💸
Trump Jr.’s involvement brings a pinch of political gravitas (and, one assumes, an armada of press releases). The aim? To make USD1 the darling of international remittances, all while tiptoeing through the regulatory tulips. Banks and fund managers everywhere are presumably perched on the edges of their seats, fanning themselves with their compliance reports.
Witkoff also sketched out a vision for USD1 that involves conquering both the wilds of DeFi and the staid corridors of centralized finance. So, both the rebels and the bankers will soon be able to ignore each other while using the same stablecoin.
The plan also involves rolling out USD1 to retail payment systems, so you too can buy your bespoke socks, artisanal jam, or single-origin coffee using a Trump-endorsed stablecoin. What a time to be alive.
USD1 Eyes the Blockchain Multiverse 🤖
At present, USD1 is busy straddling Ethereum and Binance Smart Chain like some sort of digital colossus, but next up is the Tron network. This promises transactions so fast and cheap, one might worry about a rift in the time-space continuum—or at least, their next gas fee.
It doesn’t hurt that Tron’s founder, Justin Sun, lobbed a cool $75 million World Liberty’s way as of January 2025. With endorsements like this, USD1 is well on its way to becoming blockchain’s answer to sliced bread.
Stablecoins: Not Just For Nerds Anymore 🦸♂️
All this kerfuffle suggests that stablecoins like USD1 are no longer just something your crypto-obsessed nephew rants about at family gatherings. Transferring $2 billion using a blockchain token isn’t merely efficient—it’s a statement, darling. A statement that shouts, “Technology! Trust! Possibly some cake afterwards!”
Whether USD1 will set the gold (or at least digital) standard for future mega-deals is still up in the air. But one thing’s certain: this coin has swaggered right into the history books—possibly wearing sunglasses and humming “Money, Money, Money.”
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2025-05-02 23:14