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MGX Invests $2B in Binance, Pushing Trump-Backed USD1 Stablecoin to $2.12B Market Cap

  • MGX, an AI-focused fund, has invested $2 billion in Binance, using the USD1 stablecoin in the transaction.
  • The market cap of USD1 stablecoin has surged to $2.12 billion, marking a 1436.23% increase following the investment announcement.
  • BNB token experienced a 1.5% gain as MGX made the largest institutional crypto investment in a company to date.
  • Eric Trump announced the strategic use of USD1 stablecoin in MGX's investment in Binance, highlighting the significance of USD1 as a financial tool.

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