UAE ruling family agrees with a $ 2 billion transaction with Trump Cripto Firm

The company that controls Ue’s The ruling family agreed to carry out a $ 2 billion transaction using StableCoin who launched Us President Donald Trump’s sons, raising concerns about the conflict of interest between the president and the powerful state of the Gospulations.

“We are excited to announce that USD1 was elected as an official Stablecoin to close investing in Binanci” Zach Vitkof, co-founder of Trump’s family firm, on Wednesday at the crypto conference in Dubai.

Zach is the son of Trump envoy of the Middle East, Steve Vitkoff.

Financial world freedom is owned by Trump’s family corporate entity. Zach and President Trump’s son Eric, however, became the most important public faces of the company, appear on the cropto events in the bay.

The announcement is a great reinforcement for the cryptocurrant of the Trump family.

He also signals how deeply the U.S. family, she became ruled in the rich oil bay.

MGK and UAE’s Al-Nai’s government

MGKS is the technology of the investment firm established by Abu Dhabi Sovereign Fund Mubadala Investment and AI Firm G42. The MGK presides powerful advisor for the National Security of the UAE, Sheikh Tamnon Bin Zayed Al-Nahian, who also controls G42 as part of 1.5 trillion-investment empire.

The agreement is unprecedented an example of a family sitting by the American president who operate with a foreign government. It is all extraordinary to openly announce the son of a global emissal US president.

There are dozens of stablecoin companies that compete to be used in large transactions, which can increase their complaint and credibility with users. StableCoins are a form of digital money that follows the price of sovereign currency, usually the US dollar. Stablecoin Trump’s family, USD1, is a dollar.

StableCoin companies earn money by taking deposits from the user and give them stableCOINS in return. Deposits are then pulled, usually in American dollar assets as well as funds in the country.

‘This is Corruption’

The Trump cryptocurnt of Venture was already issuing thunder, raising complaints about conflicts of interest. Mass investments in the UAE in agreement only encouraged concern.

Democratic Senator Elizabeth Warren, ranking a member of the Banking Committee, Housing and Urban Jobs, stabbed on Thursday.

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“The shady fund supported by the government has just announced that the amount of Donald Trump will pass on” Genius “legislation – stablecoin legislation that will facilitate their own pockets. This is corruption and no senator should support it.

Democratic Senator Chris Murphy said the Trump crypto endeavor “corrupt on the face, but is probably illegal if any salt is worth it trying to scratch the surface”.

“The president of the United States should not lead the lateral bribery scheme,” he said.

The UAE is not the only Bay for the Bay State dealing with Trump family before the president’s visit to the region between 13. and 16. May.

On Wednesday, Katari Diar, the state company for real estate in Doha, announced that the Trump Organization has been announced to build Trump International Golf Club and Villas in Simaism, resort, north of about 30 kilometers, north of the Katar capital.