Trump Family Project Attracts UAE Ruler’s Interest, Crypto Partnership?

Updated

May 6, 2025

Gambar Trump Family Project Attracts UAE Ruler’s Interest, Crypto Partnership?

Jakarta, Pintu News – A major step has been taken by the Trump family in the crypto space through their company, World Liberty Financial. With a $2 billion investment from Abu Dhabi’s state-backed investment firm MGX, this marks a new era for crypto ventures involving the family.

The stablecoin known as USD1, developed by World Liberty Financial, will be used to close this investment transaction with Binance, one of the largest crypto exchanges in the world.

Check out the full news here!

The Role of USD1 in Large Transactions

USD1, which is a stablecoin designed to have a stable value, was chosen as the main digital currency in a $2 billion investment transaction by MGX. According to Zach Witkoff, co-founder of World Liberty Financial, the use of USD1 in this transaction shows the great confidence MGX and Binance have in the platform they are building.

It also marks the first step in their ambitious plan to integrate crypto in traditional retail systems. In an event in Dubai, where Eric Trump was also present, Witkoff stated that the integration of USD1 with Tron, the crypto founded by Justin Sun, would allow for the minting of very large amounts of the stablecoin.

This not only demonstrates the technological advancements they are adopting, but also the potential economic growth that could result from this cooperation.

Controversy and Investment Ethics

While these investments appear lucrative, there are concerns about potential conflicts of interest that may arise. President Donald Trump has previously expressed skepticism towards crypto, but now supports World Liberty Financial.

Ethics and crypto observers highlight that large investments like this could be a way for foreign investors to seek influence in government, given Trump’s position of political influence. Danielle Brian, executive director of the Project on Government Oversight, emphasized that this situation points to a loophole in current ethics law that allows the president to retain a financial interest in a business during his term.

This raises serious questions about the transparency and regulation surrounding Trump’s involvement in crypto.

Also read: Will the FOMC Decision Push Bitcoin (BTC) Price to Break $100,000?

Global Expansion and Ambition

In addition to crypto investments, the Trump family is also involved in major property projects in the UAE. Eric Trump announced that the Trump organization managed to get permission to build a new skyscraper that will have the world’s tallest swimming pool.

This project, which is expected to be included in the Guinness Book of World Records, demonstrates Trump’s business expansion outside of the United States. Zach Witkoff also expressed his hope that one day, people could use tokens from World Liberty Financial for everyday transactions, such as buying at a deli in New York City or at the Four Seasons in Abu Dhabi.

This shows their long-term vision to make crypto a part of everyday life.

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