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787 Trump's Stablecoin Chosen For $2 Billion Abu Dhabi Investment In Binance

Slashdot
BeauHD @ Slashdot · 05/01/2025 19:20 EDT

Trump's Stablecoin Chosen For $2 Billion Abu Dhabi Investment In Binance

Donald Trump's crypto company created a digital dollar called USD1, which is now being used by a big investor in Abu Dhabi to help fund a $2 billion deal with Binance, the world's largest crypto exchange. Reuters reports: Stablecoins are an increasingly lucrative cog in global crypto trading. Their issuers typically profit by earning interest from the Treasuries and other assets that underpin them. The value of USD1 in circulation reached about $2.1 billion on Wednesday, according to CoinMarketCap data, mak

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