World Liberty Financial's stablecoin, USD1, will be used as the settlement currency for a $2 billion investment by MGX into Binance.
The partnership signifies a significant milestone for USD1, rapidly reaching a $2.1 billion valuation despite not being listed on major centralized exchanges.
USD1's growth has been remarkable, surpassing $1 billion market cap within weeks, driven by partnerships and increasing circulation.
The stablecoin's expansion to the Tron network and potential listings on major exchanges could reshape the stablecoin hierarchy in the future.