US President Donald Trump -backed USD1 Stable Queen has been selected as a payment style for the purchase of minority shares MGX in Binens. The development was reportedly announced by Trump’s 41 -year -old son Eric in the ongoing token 2049 event in Dubai. Addressing the participants on Thursday, May 1st, Trump claimed that the USD1 was being designed as the most transparent and regulated stabbing in the world. To facilitate the deal, its use is expected to show that USD1 can act on cross -border transactions shortly after its inception.
The moment of the milestone for the crypto
This year, in March, Binens sold its first minority shares to a third party for $ 2 billion (about Rs 17,403 crore). Along with this, an independent Wealth Management Fund from Abu Dhabi became the first external part of MGX, MGX.
At that time, when the founder of the Binnus was Changpeng Xiao Announced Development, he had revealed that this transaction would be provided with “100 percent” facilities that would facilitate the Stable Queens.
The World Liberty Financial (WLF), which is a web -3 firm launched by President Trump and his colleagues last year, will oversee the development and launch of this stabbing.
Things to know about USD1
Wlf According to the notifications In April, the USD1 token launched very quietly. The Coin Market Cap also shows the USD1 token rating in the 288th position on its index with a market cap of 137.02 million (about Rs 1,160 crore).
The WLF said in A, that USD1 reserves will be in the custody of Battu and that its liquidity will be managed by brokerage service Batgo Prime. Description In March
For the first phase, the USD1 token is being linked to two blockchain – Ethereum (ETH) and Binens Smart Chain (BSc). However, in the later stages, the stubborn will also be linked to another blockchain protocol.
Talking about the USD1 in the token 2049 event, Trump said his support was “short -term treasury and cash equivalent that could be sent to the borders in a very smooth way”, CoinDesk Report Said
