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MGX could make historic $2 billion investment in Binance with its Trump-linked USD1 Stablecoin. Politics-finance interaction is increasing in the crypto world.
Politics-finance interaction in the global crypto market continues to increase day by day. Abu Dhabi-based investment giant MGX announced that it will make a $2 billion investment in Binance with Trump-linked USD1 stablecoin. With this announcement, it has become an important part of the integration of political figures into the digital asset ecosystem, as well as the increase in institutional interest in technology.
MGX’s Investment in Binance and Strategic Goals
MGX will transfer funds to Binance using the USD2025 stablecoin released by World Liberty Financial in March 1. According to Eric Trump, son of US President Donald Trump, at Token 2049 Dubai, this deal will be one of the largest investments in Web3 history.
This investment by MGX will create a new model for institutional investors who are at the forefront of the crypto valley project.
“The USD1 stablecoin is pegged 1:1 to the US dollar, making it the first large-scale politically-linked digital asset.
What Will Be the Global Impact of the USD1 Wave?
As the new face of Political Finance, the effects of the Trump family on the crypto sector continue to increase day by day. US President Donald Trump’s support for the cryptocurrency industry has been growing since his first day in office.
A stablecoin linked to the Trump family is taking the traditional finance-politics relationship to Web3, starting with giant investments.
USD1’s transparent blockchain infrastructure will increase the traceability of political funds. This will create a more transparent environment of trust.
The fact that USD1 is considered equivalent to the US dollar threatens to create a situation that may worry central banks globally. The impact of central banks on the digital asset is uncertain as there is no legalized law yet.
Analyst Comments
For crypto lovers, this is a triumph of institutional adoption – CoinDesk
Politically connected stablecoins could challenge the principles of decentralized finance – Decrypt
USD1’s market capitalization increased by 15% in the last 24 hours, reflecting investor interest in the project.
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