PANews reported on May 16 that Binance founder Zhao Changpeng forwarded a video of Trump being asked a question. The video mentioned that "a UAE company reached a $2 billion deal with the TRUMP cryptocurrency." Zhao Changpeng said that this was a typical example of FUD, and the question was wrong, vague and misleading. He said that if it refers to MGX's $2 billion investment in Binance, the transaction was completed with the USD1 stablecoin and has nothing to do with the TRUMP token (Meme coin).
It is reported that USD1 is a stablecoin launched by the Trump family's crypto project WLFI. Trump's son Eric Trump once said that USD1 was selected as the official stablecoin for MGX's investment in Binance.
