A World Liberty Financial co-founder recently revealed MGX has decided to use the crypto firm's USD1 stablecoin to make an investment into Binance. MGX's investment will total $2 billion.

President Donald Trump and his family are deeply involved in the world of cryptocurrency as his administration seeks to deregulate the industry.

Donald Trump’s stablecoin venture is being used to finalize a $2 billion investment from Abu Dhabi’s MGX into crypto exchange Binance, according to Reuters. Co-founder Zach Witkoff announced during a crypto conference in Dubai that USD1,