Zhao Changpeng: MGX’s $2 billion investment in Binance was completed using USD1 and has nothing to do with TRUMP tokens

05/16/2025, 12:32 AM

PANews reported on May 16 that Binance founder Zhao Changpeng forwarded a video of Trump being asked a question. The video mentioned that "a UAE company reached a $2 billion deal with the TRUMP cryptocurrency." Zhao Changpeng said that this was a typical example of FUD, and the question was wrong, vague and misleading. He said that if it refers to MGX's $2 billion investment in Binance, the transaction was completed with the USD1 stablecoin and has nothing to do with the TRUMP token (Meme coin).

It is reported that USD1 is a stablecoin launched by the Trump family's crypto project WLFI. Trump's son Eric Trump once said that USD1 was selected as the official stablecoin for MGX's investment in Binance.

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Author: PA一线

This content is provided for informational purposes only and does not constitute investment advice.

Zhao Changpeng WLFI USD1 Binance Trump TRUMP

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