Abu Dhabi sovereign fund commits $2 billion to Trump-linked crypto venture
At the Token2049 crypto conference in Dubai, World Liberty Financial (WLF) announced a landmark $2 billion investment from Abu Dhabi’s MGX sovereign fund, using their USD1 stablecoin. The deal involves Binance and features Eric Trump and Zach Witkoff as key participants, highlighting complex intersections of foreign sovereign wealth, cryptocurrency, and Trump family business interests. USD1, launched in March 2025, became the seventh-largest stablecoin globally with a $2.125 billion market valuation.
Key Actors
Sources (30)
- Trump-Tied Stablecoin Used for MGX's $2 Billion Binance Deal (2025-05-01)
- Trump family crypto venture tapped as part of $2B Emirati-backed investment deal (2025-05-02)
- World Liberty's USD1 Will Integrate With Tron; WLFI's Witkoff Teases More Partnerships (2025-05-01)
- Trump's World Liberty Financial jumps into stablecoin game with USD1 reveal (2025-03-25)
- Trump family's net worth has increased by $2.9 billion thanks to crypto investments, new report says (2025-05-02)
- Trump Family-Linked Firms Profited $320M on Memecoin Despite 87% Decline Since Day One (2025-05-09)
- Trump's crypto-frenzied inauguration weekend makes first family billions of dollars richer (2025-01-20)
- Donald Trump Net Worth: $620 Million of Crypto Wealth Reshapes Fortune (2025-07-02)
- How the Trump family is poised to profit from a $2 billion Middle East crypto deal with Binance (2025-05-07)
- Trump administration to pay nearly $5M to settle suit over Ashli Babbitt's fatal shooting in Capitol (2025-05-19)
- US to settle lawsuit over Ashli Babbitt's shooting during Capitol riot (2025-05-05)
- Trump administration to settle Ashli Babbitt wrongful death suit for $5 million (2025-05-19)
- Ashli Babbitt settlement sends 'sickening' message to police, Dems say (2025-05-20)
- Snapshot Report: IRS Workforce Reductions as of May 2025 (2025-05-02)
- IRS Has Slashed 11% of Its Workforce as of March, TIGTA Says (2025-05-05)
- IRS reduced workforce 11% so far, TIGTA reports (2025-05-05)
- Some IRS employees required to work longer under deferred resignation offer (2025-05-02)
- Company boasts spending up to $20 million on Trump crypto coin to buy influence (2025-05-02)
- Hoping to get Trump's attention, small business buys millions in cryptocurrency (2025-05-02)
- A Gunmaker's Lobbying Shows How Trump's Tariffs Changed the Game (2025-10-01)
- Watchdog: Shipping Logistics Company Drops $20M on $TRUMP Crypto Coin (2025-05-02)
- President Trump's FY26 Budget Revitalizes Human Space Exploration (2025-05-02)
- Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions (2025-05-02)
- Dozens of active and planned NASA spacecraft killed in Trump budget request (2025-05-02)
- Trump pardons for white-collar criminals wipe out $1.3 billion in legal debts (2025-05-02)
- Trump's pardons cost victims and taxpayers $1.3 billion, House Judiciary Committee Democrats' review says (2025-06-17)
- Trump white-collar criminal pardons cost public $1bn, says ex-DoJ official (2025-05-02)
- Election certification trial pushed back, pending judge's decision on motion to dismiss (2025-05-02)
- As Cochise trial approaches, a judge throws out Arizona's rules for certifying elections (2025-04-28)
- Cochise County asks insurer to cover indicted supervisor's legal bills in election case (2025-07-11)
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