Trump-Linked Stablecoin Powers UAE’s $2 Billion Binance Deal Amid Ethical Debate

- UAE-based MGX invested $2 billion into Binance using a Trump-linked stablecoin. - The investment coincided with the UAE gaining access to advanced computer chip technology. On September 16, 2025, *The Block* reported that MGX, an Abu Dhabi-based investment firm, made a $2 billion institutional investment in Binance using the USD1 stablecoin, which is backed by World Liberty Financial, a company co-founded by former President Donald Trump and his sons Eric and Donald Jr. Shortly after this investment, the UAE secured approval to acquire restricted advanced computer chip technology, and the timing and connections between these events have sparked ethical concerns. MGX and Binance announced the transaction at the TOKEN2049 conference in Dubai, marking the largest institutional investment ever conducted solely with stablecoins. World Liberty Financial’s USD1 stablecoin was integral to the transaction. Eric Trump defended his family's involvement in cryptocurrency, explaining that it was a response to being cut off from services by traditional financial institutions. Soon after the $2 billion Binance investment, the Trump administration approved a technology agreement with the UAE, granting the nation access to hundreds of thousands of advanced computer chips. The U.S. government had previously restricted access to this technology due to national security concerns. Representatives from the White House and World Liberty Financial denied any link between the crypto investment and the chip deal. However, ethics analysts highlighted the timing as a source of scrutiny, raising questions about potential conflicts of interest and transparency. Reports indicate the Trump family’s cryptocurrency ventures have led to significant wealth accumulation. In addition to their role at World Liberty Financial, Eric and Donald Jr. manage American Bitcoin, a cryptocurrency mining and holding firm. While no direct evidence of a quid pro quo has emerged, ethics experts warn that the sequence of events tests ethical boundaries designed to prevent government officials from using public policy to profit or favor personal and relatives' interests. On September 16, at 20:09 UTC, data from CoinMarketCap showed World Liberty Financial (WLFI) shares trading at $0.221, reflecting a 4.05% rise in 24-hour trading volume. During the same period, the USD1 stablecoin remained pegged at $1, with its 24-hour trading volume changing by 0.082%.