Eric Trump Announces $2B MGX Investment in Binance Using Trump-Linked Stablecoin USD1
Introduction: A Landmark Crypto Deal Powered by Trump’s USD1 Stablecoin
In a groundbreaking move that underscores the growing institutional adoption of cryptocurrency, Abu Dhabi-based investment firm MGX has announced a $2 billion investment in Binance, the world’s largest crypto exchange. What makes this deal particularly noteworthy? The transaction will be settled using USD1, a stablecoin linked to former U.S. President Donald Trump’s family. Announced by Eric Trump at Token2049 in Dubai, this deal marks a pivotal moment for both institutional crypto adoption and the Trump family’s deepening involvement in the digital asset space.
The USD1 Stablecoin: Trump’s Foray into Crypto
The World Liberty Financial USD (USD1) stablecoin was launched in March 2025 by World Liberty Financial (WLFI), a crypto platform associated with the Trump family. Pegged 1:1 to the U.S. dollar, USD1 is designed to combine the stability of traditional finance with the efficiency of blockchain technology. Its use in MGX’s $2 billion Binance investment highlights the growing trust in stablecoins for high-value institutional transactions.
Eric Trump, who serves as executive vice president of the Trump Organization, emphasized the strategic importance of this deal during his panel discussion. “We’re at the dialogue phase of the crypto revolution right now,” he said. “The people who are going to make it big are the people who see it today, not in five years.”
Why This Deal Matters: Institutional Crypto Adoption Reaches New Heights
MGX’s investment is not just another funding round for Binance—it’s a watershed moment for the crypto industry. Here’s why:
- First Institutional Investment in Binance: This marks the first time a major institutional player has publicly backed Binance with such a substantial investment.
- Stablecoins as the New Settlement Layer: The use of USD1 for a $2 billion transaction validates stablecoins as a viable alternative to traditional banking systems for large-scale deals.
- Abu Dhabi’s Crypto Ambitions: MGX, based in Abu Dhabi, is making its first foray into cryptocurrency, signaling the Middle East’s growing interest in digital assets.
Eric Trump’s Critique of Traditional Finance: “Banks Are a Joke”
During his Token2049 appearance, Eric Trump didn’t hold back in his criticism of the traditional financial system. “The US is seeing that the financial world has to progress. It’s a joke,” he said. “Why do banks run nine to five, Monday to Friday, with an hour and a half of lunch break? It doesn’t make sense.”
“Sending money internationally through SWIFT is slow, costly, and complex. Crypto makes banks redundant.” — Eric Trump
His comments reflect a broader frustration with legacy financial infrastructure. According to Statrys, the average SWIFT transaction takes 20 hours and seven minutes to settle—and 75% of these transactions involve intermediary banks, dragging the process out to nearly two days. In contrast, stablecoin transactions on networks like Ethereum settle in minutes.
The Future of Crypto: What This Deal Signals
The MGX-Binance deal is more than just a headline-grabbing transaction. It’s a sign of three key trends:
- Stablecoins Are Becoming Institutional Tools: No longer just for retail traders, stablecoins like USD1 are now being used for billion-dollar investments.
- The Middle East Is a Crypto Powerhouse: Abu Dhabi’s MGX is joining the likes of Saudi Arabia and Dubai in embracing blockchain technology.
- The Trump Family’s Crypto Influence Is Growing: With USD1 gaining traction, the Trump brand is becoming a significant player in the crypto economy.
Conclusion: A New Era for Crypto and Traditional Finance
The $2 billion MGX investment in Binance, facilitated by the Trump-linked USD1 stablecoin, is a clear indicator that the lines between traditional finance and cryptocurrency are blurring. As Eric Trump put it, the financial world must progress—and crypto is leading the charge. For investors and institutions alike, the message is clear: the future of finance is being built on blockchain, and those who recognize this early will reap the rewards.
Want to stay ahead of the curve in crypto? Follow the latest developments in institutional adoption and stablecoin innovation to understand where the market is headed next.
