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A Middle Eastern Firm Is Making a $2 Billion Investment Using Trumpâs Crypto

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The Trump family's cryptocurrency venture World Liberty Financial announced Thursday that its stablecoin will be used to complete a $2 billion transaction between MGX , an investment firm owned by the government of Abu Dhabi , and cryptocurrency exchange Binance .

The announcement was made on stage Thursday by Zach Witkoff , one of the co-founders of the company, alongside Eric Trump and Donald Trump , Jr. The SEC has been investigating Binance since 2023 , when it was accused of artificially inflating trading volumes, diverting customer funds, and misleading investors.