How the Trump family is poised to profit from a $2 billion Middle East crypto deal that uses their stablecoin

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The transaction has prompted Democrats to reverse course on bipartisan stablecoin legislation.

In addition to a $60 million one-time payment, the stablecoin issuer agreed to pay a monthly fee to Binance in exchange for marketing Circle’s stablecoin to its users as well as keeping a portion of its treasury in the cryptocurrency.

Meanwhile, a spokesperson for Binance did not respond to a request for comment, and a representative for World Liberty Financial declined to provide any more details beyond what’s publicly announced.

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Article Details

Author / Journalist: Leo Schwartz, Ben Weiss

Category: EconomyBusiness

Markets: United States

Topics: Binance Donald Trump Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 15:18:28 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 888 words

Reading Time: 5 minutes read

Sentences: 5 lines

Sentence Length: 178 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28472970

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Official Website: fortune.com

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