Main information
- World Liberty Financial invests $ 2 billion in Binance using Trump USD1 stable.
- USD1 reaches high traffic value of around 2.1 billion dollars, making it one of the fastest growth stable.
- The founder and former CEO of Binance, Changpeng Zhao, meets the co -founders of World Liberty in Abu Dhabi, thus strengthening the links between the two companies.
An Abu Dhabi investment company uses a stablecoin developed by World Liberty Financial, Donald Trump’s company specializing in cryptocurrencies, to invest $ 2 billion in Binance, the largest cryptocurrency scholarship in the world. World Liberty aims to democratize access to financial services by eliminating intermediaries such as banks. In March, she announced the launch of USD1, a stablecoin indexed to the dollar and guaranteed by American treasury bills, dollars and other cash equivalents.
- Zach Witkoff, one of the co -founders of World Liberty and son of Trump’s envoy, Steve Witkoff, revealed at a conference on cryptocurrencies in Dubai that the USD1 would facilitate the investment of $ 2 billion in Binance.
Emergence of Stablecoin USD1
This strategic use of the USD1 highlights the growing influence of World Liberty in the world landscape of cryptocurrencies and its close relationship with Binance. In particular, the USD1 is issued on the Binance blockchain.
- The stablecoins are increasingly an integral part of the global exchanges of cryptocurrencies, offering issuers of profit opportunities thanks to the interests perceived on the underlying assets that support them.
According to CoinmarketCap data, the value of USD1 in circulation reached around 2.1 billion dollars on Wednesday, which positions it as one of the fastest growth stable. However, the identity of its main holders has not been revealed. An anonymous cryptocurrency portfolio with US dollars received funds between April 16 and 29, according to data from the Arkham cryptocurrency research company. Reuters was unable to determine the owner of this portfolio.
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