technocrit@lemmy.dbzer0.com to

News@lemmy.world · 2 days ago

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

finance.yahoo.com

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

finance.yahoo.com

technocrit@lemmy.dbzer0.com to

News@lemmy.world · 2 days ago

(Reuters) -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 said on Thursday. It's the latest in a series of Trump family crypto-related ventures, including a "meme coin" launched in January, that have drawn criticism from government ethics experts and political opponents over potential conflicts of interest.

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 said on Thursday.

It’s the latest in a series of Trump family crypto-related ventures, including a “meme coin” launched in January, that have drawn criticism from government ethics experts and political opponents over potential conflicts of interest.

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technocrit@lemmy.dbzer0.comOP
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1 day ago
If you think that crypto is the driving force behind poverty, then I have some bad news for you…

https://whatismoney.info/wp-content/uploads/2020/05/DollarDevaluationHistory.png
- Endymion_Mallorn@kbin.melroy.org
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  1 day ago
  No, I was simplifying the two proof systems in crypto, not saying it’s the cause of long-term trends.

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