World Liberty Financial's official Stablecoin, USD1, will be integrated into the Tron network to prepare to mint millions of dollars worth of tokens at the start of the partnership.
On the Token2049 stage on May 1, Tron (TRX) founder Justin Sun announced that the network will work with Trump-backed Crypto Venture World Liberty Financial by integrating Stablecoin USD1 into the blockchain.
“I'm truly honored. We can work with USD1 to launch this stubcoin and make it even more accessible to 7 billion people on the planet,” he said during a fireplace session with Eric Trump and Zach Witkoff, co-founder of World Liberty Financial.
Witkoff has revealed that Stablecoin, a project that is pinned in the US dollar and short-term US government Treasury, US dollar deposits and other cash equivalents, will be integrated natively into the Tron network.
“We are very excited about it, we should be minting for hundreds of millions of dollars.
Sun officially joined World Liberty Financial in November 2024 as an advisor. He also invested around $30 million in a decentralized finance project backed by Donald Trump, becoming his biggest investor.
Not only that, Sun is also the current top holder of official Trump (Trump) meme coins based on the leaderboard ahead of the exclusive dinner for Solana-based Token's Top 220 owners.
read more: Justin Sun Top Stramp Holders List 1.17m Token Exclusive VIP Dinner
MGX's US$2 billion USD1 investment in Binance
Most recently, Witkoff announced that USD1 Stablecoin has been chosen as the official cryptocurrency used to drive the $2 billion investment in the Abu Dhabi-backed investment vehicle MGX.
“We appreciate MGX and Binance for their trust and I think that's just the beginning,” Witkoff said at the meeting.
The $2 billion investment is the largest investment ever paid at Crypto, driven through WLF's Stablecoin. It is also the biggest investment ever made in a crypto company.
MGX's investments represent AI and Advanced Technology Investment Firm's first foray into the cryptocurrency and blockchain industry, securing a minority Binance stake as part of a broader strategy to support the transformational impact of blockchain on society.
By partnering with Binance, MGX aims to drive the potential for blockchain transformation in digital finance and accelerate the institutional adoption of cryptocurrencies, as previously reported by crypto.news.
read more: World Liberty Financial USD1 selected as the official Stablecoin of MGX's Binance Investment
