Stablecoin from World Liberty Financial, USD1, was used to facilitate the AI investment company of Abu Dhabi MGX.
On Token2049 on 1 May World Liberty Financial co-founder Zach Witkoff confirmed that the USD-Pegged Stablecoin of the project, USD1, has been selected as the official Stablecoin for the investment of MGX in Binance.
“We are pleased to announce today that USD1 has been selected as the official Stablecoin to make MGX’s $ 2 billion investment in Binance. We thank MGX and Binance for their confidence in us and I think it is just the beginning,” Witkoff said during the conference.
The investment marks the largest investment evening to a crypto company and the largest investment ever paid in Stablecoins.
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