Eric Trump Reveals $2B Binance Investment Will Use Trump-Linked Stablecoin
Abu Dhabi’s MGX Picks USD1 for Landmark Crypto Deal with Binance
In a landmark moment for Web3 finance, Abu Dhabi-based investment firm MGX will settle a $2 billion investment in Binance using USD1, a stablecoin affiliated with former President Donald Trump’s family. The announcement, made by Eric Trump at the Token2049 conference in Dubai, marks one of the largest institutional investments ever made in the crypto space.
USD1, a U.S. dollar-pegged stablecoin issued by World Liberty Financial (WLFI) — a Trump-aligned crypto platform — was quietly launched in March 2025. The Trump Organization’s Executive Vice President, Eric Trump, confirmed the stablecoin’s role in the Binance investment during a panel discussion, propelling the token into the spotlight.
“The U.S. is seeing that the financial world has to progress. It’s a joke,” Trump remarked, criticizing the traditional banking system’s inefficiencies. “Banks run nine to five, Monday to Friday — with a lunch break. It doesn’t make sense anymore.”
A Bold Move into Digital Finance
The investment by MGX, announced on March 12, marks the firm’s first entry into cryptocurrency and the first institutional investment ever disclosed by Binance. Until now, the stablecoin used in the transaction remained undisclosed. Binance declined to comment on the settlement medium when initially asked.
“Crypto makes banks redundant,” Trump added, comparing blockchain-based settlements to the delays of traditional banking systems like SWIFT, where the average transaction time is 20 hours and 7 minutes, and 75% of transactions require one or two intermediary banks, often taking over a full day to clear.
In contrast, USD1 stablecoin transactions on networks like Ethereum can settle in just 2–5 minutes — a compelling case for digital assets in global finance.
Crypto at the Center of the U.S. Financial Shift
Eric Trump’s presence at a premier global Web3 conference and his endorsement of blockchain-based financial rails underscore a growing trend: crypto is no longer fringe. In his words, “We’re at the dialogue phase of the crypto revolution. The people who’ll win are the ones who see it today — not in five years.”
The Trump family’s engagement in crypto — from policy rhetoric to financial innovation — is rapidly turning the digital asset sector into a centerpiece of American economic strategy, especially as regulators and investors look beyond traditional finance.
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