Galaxy Digital Transfers $3.08 Million in TRUMP Tokens to Binance Amid $2 Billion UAE Investment Using Trump Stablecoin

Galaxy Digital transferred 220,550 TRUMP tokens, valued at approximately $3.08 million, to Binance on May 12, 2025. This move may indicate an intention to sell the tokens. Separately, the United Arab Emirates announced a $2 billion investment in Binance, utilizing the Trump stablecoin USD1 as the vehicle for this state-backed Emirati investment. Additionally, a Trump business entity is entitled to 75% of all revenue generated from the sales of these coins. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant