BlockBeats News: On May 16th, Binance founder CZ reposted a video of Trump being induced to ask "a UAE company reached a $2 billion transaction with TRUMP cryptocurrency" during an interview, stating that "this is a typical example of FUD, and the questions asked in the interview are incorrect, vague, and misleading. If this question refers to MGX's $2 billion investment in Binance, which was completed using USD1 stablecoin. This has nothing to do with the TRUMP token, TRUMP is just a Meme coin.
This is an investment transaction between an investor in Abu Dhabi and a private company. The transaction can be conducted in any currency, such as Bitcoin, UAE Dirham, USD, or USD1, depending on the payer's choice. The recipient may convert the funds into any other currency upon receipt of the payment. Binance provides the world's best liquidity. FUD， 4. Finally, there are more fiat/stablecoins available for buying on dips, by the way.
BlockBeats previously reported that cryptocurrency trading platform Binance and Abu Dhabi based artificial intelligence and advanced technology investor MGX announced a $2 billion investment deal, which is Binance's first institutional investment to date, the largest single investment in a cryptocurrency company, and the largest investment in cryptocurrency (stablecoin) in history. It is reported that this investment represents MGX's first foray into the cryptocurrency and blockchain fields, acquiring a minority stake in Binance.
It is reported that the USD 1 is a stable currency launched by the Trump family encryption project WLFI, supported by US treasury bond bonds, US dollars and other cash equivalents. Eric Trump, son of Trump, announced that USD1 has been officially selected as the official stablecoin by Abu Dhabi investment firm MGX to complete a $2 billion investment in Binance.
According to the AAVE community governance proposal, the [TEMPCHECK] proposal to use PEPE as a support asset for the Aave platform has been approved with 76.76% support. The proposal suggests introducing PEPE as collateral for the segregated market into Aave V3, with the aim of expanding the user base, promoting the growth of GHO stablecoins, and increasing protocol clearing revenue. Subsequently, the risk service provider will set risk parameters and enter the ARFC and AIP processes.
According to Eleanor Terrett's disclosure of the GENIUS bill draft on page 2, it is proposed to prohibit stablecoin issuers from misleading claims of FDIC insurance or using terminology related to the US government for naming; Prohibit non-financial technology companies such as Meta and Google from issuing stablecoins and strengthen the separation between banks and businesses; The draft also strengthens law enforcement capabilities for violations and expands the scope of ethical supervision for government special employees (including Elon Musk).
