Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move
The stablecoin USD1, issued by World Liberty Financial, has been chosen to handle a major $2 billion investment from MGX into Binance, according to reports. This move marks a new chapter for the crypto exchange and adds fresh attention to the stablecoin space. Related Reading: The Bitcoin That Got Away: Docuseries Explores $800 Million Trash […]
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A small US logistics firm hit headlines after announcing plans to hold the TRUMP memecoin as part of its treasury. Freight Technologies Inc.’s share price surged over 100% on Friday after reports of the announcement. Related Reading: Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move According to a Bloomberg report, the lesser-known company […]
$USD1, the stablecoin behind Donald Trump’s Web3 venture – World Liberty Financial – is on fire right now. Abu Dhabi-based AI firm MGX is using $USD1 to wrap up a hefty $2B investment into Binance, the world’s largest exchange. And the excitement doesn’t end there. It’s also gearing up to be integrated into Tron, a […]
USD1 has pushed past a $5 billion market cap, a rapid climb that has attracted wide attention across crypto markets. Reports say the stablecoin, issued by World Liberty Financial, now ranks among the largest dollar-pegged tokens. Trading has stayed close to the $1 peg even as overall market interest spiked. Some exchanges have added new […]
A stablecoin launched by Donald Trump’s World Liberty Financial (WLFI) venture is being utilized by an Abu Dhabi investment firm for a substantial $2 billion investment in the crypto exchange Binance. This announcement was made by one of the co-founders of World Liberty during a crypto conference in Dubai. World Liberty Financial USD1 Emerges As […]
Binance, the world’s largest crypto exchange, has broadened support for USD1, the stablecoin tied to World Liberty Financial and US President Donald Trump’s crypto ventures, reports disclosed. The exchange added new spot pairs including ETH/USD1, SOL/USD1 and BNB/USD1, and enabled fee-free swaps between USD1 and other major stablecoins. Related Reading: Is Dogecoin Waking Up? Critical On-Chain Metric Explodes Higher Binance Will Shift Collateral Into USD1 The exchange will convert all collateral backing its Binance-Peg BUSD (B-Token) into USD1 at a 1:1 ratio, a process the company said....