Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates purchased a secret 49% stake in the Trump family’s World Liberty Financial, The Wall Street Journal reported late Saturday.
World Liberty is behind the stablecoin USD1, which is pegged to the U.S. dollar and backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents.
In May, months after the deal between Tahnoon and World Liberty, the U.S. agreed to allow the UAE to purchase hundreds of thousands of advanced artificial intelligence chips from American chipmaker Nvidia. The agreement called for a fifth of the chips to go to Tahnoon’s own AI company, G42.
How does this help Bitcoin? Furthermore... what happens when the Democrats win the House Senate and Presidency by 2028?
Help bitcoin? I don't even think they sell bitcoin. This is exclusively for presidential shitcoins.
Crazy