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COINOTAG News reported on May 1st that Eric Trump, son of former U.S. President Donald Trump, has highlighted a significant development in the cryptocurrency sector. According to a report by CoinDesk, the issuance of the U.S. Dollar Stablecoin (USD1) by World Liberty Financial has been officially designated as the stablecoin for completing MGX’s impressive $2 billion investment in Binance. Speaking during the Token2049 event in Dubai, Trump expressed gratitude for the confidence placed in them, stating, “We appreciate MGX and Binance’s trust in us, and I believe this is just the beginning.” This endorsement comes on the heels of MGX‘s earlier announcement regarding their substantial investment aimed at acquiring shares in Binance, marking a notable advance in the fusion of traditional finance and digital asset markets.
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