World Liberty Financial’s stablecoin USD1 has stepped into the spotlight. From backing a major Binance deal to teaming up with top blockchain projects, USD1 is aiming to reshape how dollars move in crypto.
Eric Trump said World Liberty Financial’s stablecoin USD1 is closing MGX’s $2 billion investment in Binance. He spoke in front of crypto leaders and investors. The deal uses USD1 as the dollar-denominated asset, and it will also join the Tron ecosystem.
Official Stablecoin for MGX Investment
Earlier this year, MGX, a firm based in Abu Dhabi, announced its plan to invest $2 billion for a stake in Binance.
Now, World Liberty Financial’s USD1 stablecoin is the chosen currency for that deal. Eric Trump explained that USD1 is backed by short-term U.S. Treasury and cash equivalents. He added that the aim is to make transfers seamless, transparent, and safe for global users.
Integration with the Tron Ecosystem
Alongside the MGX news, Eric Trump revealed that USD1 will integrate with Tron. Tron is a blockchain network led by Justin Sun, who also invested $75 million in World Liberty’s WLFI token.
This move will let users access USD1 within Tron’s tools and apps. It may boost liquidity and speed for traders who prefer Tron’s network.
Also Read: Trump’s WLFI Declares “Mission Accomplished” as USD1 Reaches 69th Place in Crypto Market Cap Ranking
Early Stablecoin Development
World Liberty first unveiled plans for USD1 in March, partnering with BitGo to launch a dollar-backed coin. The stablecoin is designed to meet strict regulations and auditing.
The company says it will publish regular reports on its reserves. This focus on oversight aims to build trust among institutional and retail investors alike.
Criticism and Controversy
Not everyone welcomed the announcement. U.S. Senator Elizabeth Warren called the deal corrupt. She accused Trump’s family of profiting from a shady foreign fund. Warren pointed to pending stablecoin legislation in the Senate and warned against conflicts of interest.
Her statement highlighted broader concerns over oversight and political influence in crypto.
New Partnerships and DeFi Plans
World Liberty is moving fast on other fronts, too. It teamed up with Alchemy Pay to let people buy USD1 using bank transfers, Visa, Mastercard, Apple Pay, and Google Pay.
In a separate deal, DeFi protocol KernelDAO said it will let users restake USD1 within its system. This re-pledgeable feature could open new yield opportunities for holders.
With high-profile backers and major partnerships, USD1 is set for rapid growth. The coin’s role in a multibillion-dollar investment and its spread across Tron, Alchemy Pay, and KernelDAO show a clear strategy to win market share.
As regulators weigh new rules, the stablecoin’s performance will test whether transparency and strong ties can overcome scepticism and reshape crypto finance.