CZ: MGX’s $2 billion investment in Binance was completed using USD1 and has nothing to do with TRUMP tokens

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PANews
05-16
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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.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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