The World Liberty Financial (WLFI) of the Trump family continues to take titles, reaching its reach to the crypto arena. Recent developments follow the main announcements at the token2049 in Dubai.
Eric Trump made interesting -kind revelations during the event, including integration involving USD1 Stablecoin.
World Liberty Financial During the season of 2049: What do users need to KNow
Speaking of the event of token2049, Eric Trump announced the union of the USD1 Stablecoin of World Liberty Financial with Tron.
Trump's defi venture has launched USD1 Stablecoin recently, which has been assigned it to uphold dollar dominance. Treasures of the US and cash equivalent to Stablecoin.
Despite this integration, the USD1 will be placed as a TRC-20 token in the Tron Blockchain. This will allow the USD1 to leverage a high-throughput tron, cheap blockchain for transactions, intelligent contracts, and defi applications.
Therefore, the integration extends the interoperability of USD1 Stablecoin beyond the BNB Smart Chain (BSC) and Ethereum.
Despite the gravity of this integration, the move is not surprisingly recently given between World Liberty Financial and Tron Founder Justin Sun.
As Beincrypto reported, Justin Sun invested up to $ 30 million in Defi Venture, which effectively became the project's largest investor. Following this investment, the project named him as a counselor, emphasizing his role as a well -known blockchain change figure.
Recent reports suggest that Justin Sun could attend President Trump's exclusive dinner for Trump's leading holders next month. The Maka -haka is coming as Sun's HTX Cold Storage Wallet is the first rank on Trump's leaderboard, adding social media posts to mystery.
USD1 Stablecoin to close $ 2 billion MGX-Binance Deal
Another interesting -kind revelation during the token2049 is the USD1 of World Liberty Financial is the Choice Stablecoin for $ 2 billion MGX investment in Binance.
In March, MGX, an Abu Dhabi Sovereign Wealth Fund, focused on investing $ 2 billion in Binance exchange using Stablecoins.
“MGX, an Abu Dhabi Sovereign Wealth Fund, invested $ 2 billion in Binance for a minority stake. The transaction would be 100% of Crypto (Stablecoins), marked it was the biggest investment transaction made in Crypto to date. It is also the first institutional investment to be taken. write Changpeng Zhao (CZ), founder of Binance and former CEO.
With the USD1 climbing to be StableCoin's choice in the investment of this landmark, it points to the growing adoption and legitimacy for the token.
Investment will see MGX safe a stake in Binance, which has become one of the first institutions in the institution in the world's largest exchange.
Noteworthy, this revelation will only come days after the World Liberty Financial Executive meeting with Changpeng Zhao in Abu Dhabi. They reported that the crypto industry was discussing and strengthening the world's adoption efforts.
Meanwhile, amid these revelations around the Defi Venture, data shows that USD1 Stablecoin exceeds $ 2 billion in market capitalization metrics.
This is the position as one of the fastest growing stablecoins since the launch of the march.
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