MGX Cites ‘Compliance History’ In Picking Brand New Trump-Linked Stablecoin USD1 For $2 Billion Binance Deal

MGX, a state-backed Abu Dhabi fund, told Forbes it chose the Trump-d USD1 stablecoin to settle its $2 billion investment in Binance based on factors such as business suitability, the currency of the backing assets and “compliance history”—though USD1 was brand new at the time. Key Facts An LLC …