According to Crypto Rover, Eric Trump has revealed that World Liberty Financial’s stablecoin, $USD1, will be used as the settlement currency for MGX’s $2 billion investment in Binance (source: Crypto Rover, Twitter, May 1, 2025). This announcement signals direct institutional adoption of $USD1 on a major exchange, which could drive heightened liquidity and trading volumes for the stablecoin. Traders should closely monitor $USD1 price stability and its integration on Binance, as large-scale institutional transactions often impact market confidence and trading strategies in both stablecoins and associated tokens.
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Eric Trump Announces $USD1 Stablecoin to Facilitate MGX's $2 Billion Binance Investment – Key Trading Insights – Blockchain News
