PANews reported on May 16 that CZ, the founder of Binance, reposted a video with leading questions about Trump. The video mentioned "an UAE company reaching a $2 billion transaction with TRUMP cryptocurrency", and CZ stated this is a typical FUD example, with incorrect, vague, and misleading questions. He explained that if referring to MGX's $2 billion investment in Binance, the transaction was completed using USD1 stablecoin and has nothing to do with the TRUMP token (meme coin).
It is understood that USD1 is a stablecoin launched by Trump family's crypto project WLFI, and Eric Trump once stated that USD1 was selected as the official stablecoin for MGX's investment in Binance.



