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NEWS: Trump’s stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says

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Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. REUTERS/Kevin Wurm/File Photo

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NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

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NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

By Federico Maccioni

A stablecoin launched by Donald Trump’s World Liberty Financial crypto venture is being used by an Abu Dhabi investment firm for its $2 billion investment in crypto exchange Binance, one of World Liberty’s co-founders has said.

World Liberty, which aims to allow people to access financial services without intermediaries like banks, said in March it would launch USD1, a dollar-pegged stablecoin backed by U.S. Treasuries, dollars and other cash equivalents.

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Premium

NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

 Premium

NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

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