token2049

Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report

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Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report

The USD1 stablecoin, backed by US President Donald Trump, has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The development was reportedly announced by Trump’s 41-year-old son, Eric, at the ongoing Token2049 event in Dubai. Addressing the attendees on Thursday, May 1, Trump claimed that the USD1 … Read more

Crypto Industry Descends on Dubai as Trump Euphoria Recedes

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Crypto Industry Descends on Dubai as Trump Euphoria Recedes

Crypto enthusiasts descended on Dubai on Wednesday, gathering under the Gulf’s scorching sun and hoping the industry’s buoyant mood can keep going despite signs the euphoria around Donald Trump’s crypto stance is ebbing. Speakers at the two-day event in the desert city include chief executives at some of the world’s major crypto firms, the head of digital assets at BlackRock and Goldman Sachs, as well as … Read more