MGX Deal Ties Binance and Trump Ventures

[bonk]

Earlier this year, UAE’s MGX sovereign wealth fund invested $2 billion into Binance, with funds routed via the Trump family’s USD1 stablecoin.

The detour provided extra benefits for both parties, including fresh liquidity for WLFI and a potential $60–80M annual yield.

Binance now has a financial interest in maintaining the stablecoin’s peg, strengthening ties with the Trump crypto venture.

[alex10]

This partnership blurs lines between political capital and crypto enterprise expansion.

[Nahid Hossen]

Strategically, MGX could serve as a bridge for cross-industry influence, but it raises ethical concerns.