Trump-linked crypto picked by Abu Dhabi firm for $2bn Binance investment

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One of the founders of the project said that a cryptocurrency firm has been chosen by US President Donald Trump’s company, World Liberty Financial, for a $ 2 billion contract with binns, which is the world’s largest crypto exchange.

This is part of a growing list of crypto ventures affiliated with Trump’s family, which includes a “Memimican” launched in January, which has raised concerns over ethics and interest disputes.

The World Liberty, which aims to allow people to access financial services without banks like banks, said it would launch a dollar pegad stabcoon in support of US treasury, dollars and other cash in March.

Addressing a crypto conference in Dubai, Zach Watkov, co -founder of the World Liberation, said that USD1 will be used to stop the Billion 2 billion investment in Binseins by Abu Dhabi, the world’s largest crypto exchange, Abu Dhabi.

“We are excited today that the USD1 has been selected as the official stubborn Quinn to shut down MGX’s $ 2 billion investment in Banson,” Vaticov, who is the son of Trump’s special envoy in the Middle East.

Democratic Senator Elizabeth Warren strongly criticized the plans and pending US legislation on Stable Queens ahead of the Republican -controlled Senate.

“The foreign government -backed fund has just announced that it will make a $ 2 billion contract, using Donald Trump’s Establishment,” said Warren, a member of the US Senate banking committee. “Meanwhile, the Senate ‘Genius’ Act – Establishment is ready to approve the legislation, which will make it easier for the president and his family to write their pockets. This is corruption and no senator will support it.”

The White House and the World Liberty Financial did not respond immediately to the commentary requests.

The deal highlights the growing conflict in the global crypto industry of the global Liberty, using the USD1, and its relations. USD1 has been released on the banks blockchain.

Stabbicins are rapidly profitable in global crypto trading. Their issues generally benefit from gaining interest from treasury and other assets that help them.

According to CoinMarket Cap data, the USD1’s price reached about $ 2.1 billion in circulation on Wednesday, making it one of the fastest growing stabilizes. However, the identity of its major holders is unclear.

An anonymous cryptocurrency purse, which received a US $ 2 billion $ 2 billion in funding between April 29 and April 29, said. Reuters could not find the owner of the purse.

According to a photo published on the Social Media Site X on Sunday, the founder and former CEO of Binens, Changping Xiao, who was imprisoned in the United States last year after convicted of violating US laws against money laundering, met with a social media site on Sunday, a social media site.

In Abu Dhabi, “It was great to see your friends,” Zhao posted in response to the photo tagging Vaticov.

Xiao, who retired from his role in the binning as part of a 3 4.3 billion settlement with the United States under allegations of illegal finances in 2023, is a major part of the binning.

Truon Integration

Separately, Zach Watkov announced that the USD1 would be integrated into the Hong Kong -based crypto businessman Justin Sun’s blockchain Tran.

According to Sun Social Media Posts, Sun has put at least $ 75 million in the project.

During his first investment in global independence, he was fighting for the fraud of Sun Securities. The US Securities and Exchange Commission stopped its case against it in February, citing the public interest.

Sun moderated the panel that Watkf spoke on Thursday, Trump’s son Eric Trump also on stage.

The US president, who campaigned for becoming a “crypto president”, has promised to restore the federal rules related to crypto.

His company has said that Trump had handed over his assets to his children before returning to the White House and had no role in making daily decision -making.