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World Liberty Financial’s stablecoin, $USD1, has been used to facilitate Abu Dhabi’s AI investment firm MGX’s landmark $2 billion investment into Binance.
At Token2049 on May 1, World Liberty Financial co-founder Zach Witkoff confirmed that the project’s USD-pegged stablecoin, $USD1, has been selected as the official stablecoin for MGX’s investment into Binance.
“We are excited to announce today that $USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance. We thank MGX and Binance for their trust in us and I think it’s only the beginning,” said Witkoff during the conference.
The investment marks the single largest investment eve made into a crypto company as well as the largest investment ever paid in stablecoins.
The story will be updated