Eric Trump, son of U.S. President Donald Trump, said that World Liberty Financial’s dollar denominated stablecoin (USD1) has been officially selected as the official stablecoin to close MGX’s $2 billion investment in Binance.

Speaking at the Token2049 event in Dubai, Trump also announced that USD1 will be integrating with the Tron ecosystem, which is backed by billionaire Justin Sun.

Earlier this year, Abu Dhabi-based investment firm MGX put $2 billion to buy a stake in Binance, marking one of the first institutional investment in the world’s largest exchange.

The Trump-family backed World Liberty Financial, announced its plans for launching a dollar-backed stablecoin with BitGo in March.

“USD1 will become one of the most transparent and regulated stablecoin in the world. It is backed by short term treasury and cash equivalent, not only do we want to create a product in our stable point USD, one that can be sent across borders in a very seamless way, but transparency and frankly, consumer safety is paramount, right?” Trump added.

World Liberty’s co-founder, Zach Witkoff, speaking at the same event teased more future partnerships for the DeFi protocol.

“We have a lot on the way at World liberty, so stay tuned. We’re working on, you know, a lot of different DeFi integrations. Right now, we do aim to establish USD1 as the preferred stablecoin in the DeFi and CeFi ecosystem. Working really hard on, you know, getting integrations into traditional retail point of sale systems,” Witkoff said.

UPDATE (May 1, 2025, 09:50 UTC): Adds additional comment from Zach Witkoff on World Liberty.

Crypto payments startup Mesh is planning to roll out Apple Pay support for crypto transactions, allowing shoppers to pay with digital assets while settling transactions in stablecoins for merchants.

The feature, unveiled during Token2049 in Dubai, converts crypto to stablecoins at checkout using Mesh’s proprietary SmartFunding technology. The system sidesteps the need for merchants to handle crypto directly, offering what Mesh calls a “plug-and-play” payment option through Apple Pay’s interface.

This way, brick-and-mortar retailers and webshops can accept crypto payments without the need for building out the necessary infrastructure. Mesh plans to launch the feature later in the second quarter of the year.

“We believe that as soon as crypto payments are as seamless as fiat payments, nothing is left to stop the mass migration of global commerce onto blockchain rails,” said Bam Azizi, CEO and co-founder of Mesh.

Blockchain rails and stablecoins, which are crypto tokens pegged to the value of traditional currencies, have become increasingly central to payments. They offer faster, cheaper alternative to traditional channels, and are rapidly growing for remittances, payroll and commerce. Payments giant Stripe is testing a stablecoin tool following its acquisition of Bridge, while PayPal launched its own stablecoin.

Mesh raised $82 million earlier this year to expand its stablecoin-based payments settlement network globally.