Eric Trump Announces $2B MGX Investment in Binance Using USD1 Stablecoin
In a groundbreaking move that underscores the growing influence of stablecoins in institutional finance, Abu Dhabi-based investment firm MGX has announced a $2 billion investment in Binance, the world’s largest cryptocurrency exchange. The transaction will be settled using USD1, a stablecoin linked to the Trump family’s World Liberty Financial (WLFI) platform.
The Rise of USD1: A Trump-Linked Stablecoin
The World Liberty Financial USD (USD1) stablecoin, launched in March 2025, has quickly gained traction as a trusted digital asset pegged to the US dollar. Eric Trump, Executive Vice President of the Trump Organization, revealed the details during a panel discussion at Token2049 in Dubai, marking a significant milestone for both the Trump-affiliated crypto project and the broader Web3 ecosystem.
Why This Deal Matters
- Institutional Adoption: This marks MGX’s first foray into cryptocurrency, signaling growing trust in digital assets among traditional investment firms.
- Stablecoin Utility: The use of USD1 for a $2B transaction highlights the role of stablecoins in facilitating large-scale, cross-border investments.
- Binance’s Dominance: As the largest crypto exchange, Binance continues to attract institutional capital despite regulatory challenges.
Eric Trump’s Critique of Traditional Finance
During his Token2049 appearance, Eric Trump didn’t hold back in his criticism of the legacy financial system:
“The US is seeing that the financial world has to progress. It’s a joke. Why do banks run nine to five, Monday to Friday, with an hour and a half of lunch break? It doesn’t make sense.”
He further emphasized the inefficiencies of traditional payment networks like SWIFT, which can take days to settle international transactions, compared to minutes for stablecoin transfers on blockchain networks like Ethereum.
The SWIFT vs. Crypto Comparison
According to Statrys, the average SWIFT transaction takes 20 hours and 7 minutes, with 75% of transactions requiring intermediary banks that extend settlement times to nearly two days. In contrast:
- USDT/USDC Transactions: Settle in 2-5 minutes on Ethereum.
- Cost Efficiency: Crypto transactions often cost a fraction of traditional wire fees.
The Future of Crypto Adoption
Eric Trump’s comments reflect a broader shift in perception toward cryptocurrency as a viable alternative to traditional finance. His statement—
“We’re at the dialogue phase of the crypto revolution right now, and the people who are going to make it big are the people who see it today, not in five years.”
—highlights the urgency for institutions and individuals to embrace blockchain technology before it becomes mainstream.
Key Takeaways
- Stablecoins Are Here to Stay: USD1’s role in this deal proves their utility beyond retail speculation.
- Institutional Interest Is Growing: MGX’s investment could pave the way for more traditional firms to enter crypto.
- The Financial System Is Evolving: Crypto’s speed and efficiency are becoming impossible to ignore.
Conclusion: A Watershed Moment for Crypto
The $2B MGX-Binance deal, facilitated by the Trump-linked USD1 stablecoin, is more than just a headline—it’s a testament to the maturation of cryptocurrency as an asset class. As Eric Trump pointed out, the financial world is at an inflection point, and those who recognize the potential of blockchain technology today stand to gain the most in the coming years.
What’s Next? Watch for more institutional players following MGX’s lead, and keep an eye on USD1’s adoption as a preferred stablecoin for large-scale transactions.
