Abu Dhabi investment firm invests $2 billion in Binance using a stablecoin launched by Donald Trump’s World Liberty Financial venture.
World Liberty Financial's stablecoin, USD1, backed by US Treasuries, cash, and equivalents, facilitated the investment announcement, marking it as one of the fastest-growing stablecoins in circulation.
Binance founder Changpeng Zhao met with World Liberty Financial co-founders, including Zach Witkoff, in Abu Dhabi, highlighting their collaboration despite Zhao's past legal issues.
World Liberty Financial’s USD1 stablecoin is set to be integrated into the Tron blockchain, associated with investor Justin Sun, creating potential conflicts of interest amidst regulatory and legal challenges faced by the Trump family.