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Trump's Stablecoin Chose For $2 Billion Abu Dhabi Investment In Binance

Donald Trump's crypto company created a digital dollar called USD1, which is now being used by a big investor in Abu Dhabi to help fund a $2 billion deal with Binance, the world's largest crypto exchange. Reuters reports: Stablecoins are an increasingly lucrative cog in global crypto trading. Their...

An anonymous cryptocurrency wallet that holds $2 billion worth of USD1 received the funds between April 16 and 29, according to data from crypto research firm Arkham. Binance founder and former CEO Changpeng Zhao, who was incarcerated in the United States last year after pleading guilty to violating U.S. laws against money laundering, met Zach Witkoff and two other World Liberty co-founders in Abu Dhabi, according to a photo posted on social media site X on Sunday. Separately, Zach Witkoff announced that USD1 would be integrated into Tron, the blockchain of Hong Kong-based crypto entrepreneur Justin Sun.

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