CZ: The $2 billion investment of MGX in CEX is completed using USD1 and is not related to the TRUMP Token.

On May 16, CEX founder CZ retweeted a video in which Trump was induced to ask questions about “a UAE company struck a $2 billion deal with TRUMP cryptocurrency” and said, “This is a classic example of FUD, and the questions in the interview are wrong, vague, and misleading.” If this question refers to MGX’s $2 billion investment in CEXs, the deal was done using the USD1 stablecoin. This has absolutely nothing to do with the TRUMP token, which is just a meme coin." “This is an investment transaction between an investor in Abu Dhabi and a private company. Transactions can be made in any currency, such as Bitcoin, UAE dirhams, USD, or USD1, depending on the payer’s choice. The recipient can convert the funds into any other currency after receiving the money. CEXs offer the best liquidity in the world. FUD，4。 Finally there are more fiat/stablecoins to buy on dips, by the way.” BlockBeats previously reported that cryptocurrency trading platform CEX and Abu Dhabi-based AI and advanced technology investor MGX announced a $2 billion investment deal, which is the first institutional investment in a CEX to date, the largest single investment in a cryptocurrency company, and the largest investment in cryptocurrency (stablecoin) ever. This investment represents MGX’s first foray into the cryptocurrency and blockchain space, acquiring a minority stake in a CEX. USD1 is a stablecoin launched by WLFI, the Trump family’s crypto project, backed by U.S. Treasuries, the U.S. dollar, and other cash equivalents. Trump’s son, Eric Trump, has announced that USD1 has been officially selected as the official stablecoin of Abu Dhabi-based investment agency MGX to complete its $2 billion investment in CEX.