Controversy brews as MGX selects Donald Trump’s USD1 stablecoin for massive Binance investment, raising questions over ethics, foreign influence, and crypto regulation in Washington. A stablecoin tied to former U.S. President Donald Trump has been chosen as the transactional currency in a $2 billion investment by Abu Dhabi’s MGX into the world’s largest cryptocurrency exchange, Binance — spotlighting the deepening entanglement of politics, finance, and crypto. At a crypto conference in Dubai on Thursday, World Liberty Financial co-founder Zach Witkoff announced that USD1, the stablecoin issued by the Trump-affiliated venture, would facilitate the entire deal between MGX and Binance. “We … Continue reading Trump-Linked Stablecoin Used in $2 Billion Binance Deal with Abu Dhabi Firm