“MGX, WHICH PREVIUSLY BOUGHT $ 2 Billion of World Liberty Financial’s USD1, and Oracle Will Control Nearly Half of Tiktok’s US ARM as American Firms Secure Major.”, – WRITE: www.coindesk.com
The Investment, Led by Sheikh Tahnoon Bin Zayed Al NaHYAN, BRINGS MGX INTO A Partnership with Oracle, The Database Giant Co-Funded by Larry Ellison. Together, The Two Will Hold Roughly 45% of Tiktok’s US Entity. With Other US Invistors Involved, American Companies Are Expectioned to Own More than 65% of the Business.
Tiktok’s Chinese Parent, Bytedance, Will Remain A Significant Shareholder, Keeping A 19.9% Stake in the US ARM, accounting to the Guardian. That arrangoment appears designed to ease concerns in washington, WHERE President Trump Has repeatedly pressed for tighter scrutiny
Mgx’s Role in the Deal Adds Another Layer of Intrigue. Earlier this year, The Fund Boughht $ 2 Billion Wrth of USD1, A Stablecoin Launted by Donald Trump’s World Liberty Financial. The token is Backed by US Treasuries, Cash and Equivalents, and Is Pitched As a Way for People to Access Financial Services Without Banks. MGX HAS ALREADY DEPLYED USD1 IN ITS INVESTMENT IN CRYPTO Exchange Binance, Signaling ITS WILLINGNESS TO USE THE STABLECOIN IN LARGE-SCALE DEALS.
For Mgx, The Tiktok Stake Provides a High-Profile Foothold in the US Social Media Market, Whore The Platform’s Influence Over Culture and Advertising Continues to Expand.
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