The investment vehicle was associated with Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser. Wall Street Journal reporter Sam Kessler told Coffeezilla the transaction had remained private. Tahnoon chairs Abu Dhabi investment company MGX, which later used World Liberty’s USD1 stablecoin in its $2 billion investment in Binance.
USD1 was relatively new at the time. Kessler said billions of dollars in circulation could generate substantial earnings because stablecoin issuers typically invest reserves in short-term government securities and other liquid assets. World Liberty said MGX selected USD1 on its merits and denied having influence over government policy. The company’s pursuit of a federal banking charter has also drawn scrutiny.
The report examines other business ties alongside changes in federal enforcement. Tron founder Justin Sun invested $75 million in World Liberty while facing an SEC civil fraud case, later becoming an adviser to the project. The SEC subsequently resolved its case involving Sun and his companies. Separately, Trump pardoned Binance founder Changpeng Zhao. Binance participated in the MGX transaction and promoted USD1; White said some campaigns offered customers annualized yields of 20% for holding the token. World Liberty said the stablecoin’s growth reflected demand and ordinary commercial arrangements. The parties deny improper arrangements.
Coffeezilla also traced the family’s crypto ventures, including the TRUMP and MELANIA tokens, American Bitcoin, and Trump Media & Technology Group’s Bitcoin plans and partnership with Crypto.com. He cited about $600 million generated through TRUMP and another $6 million associated with Melania Trump’s crypto and NFT ventures. White said the tokens had fallen about 95% and 99%, respectively, from their peak values. The report also covered Donald Trump Jr.’s advisory roles with Kalshi and Polymarket, and 1789 Capital-backed Vulcan Elements, which later received federal support. The firm said its decisions reflected commercial opportunities and national economic priorities. Coffeezilla said Trump and his three adult children did not respond to requests for comment.

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