BiyaPay Analyst: Trump, Who Filed for Bankruptcy 6 Times, Pays Off $1.14 Billion Debt with TRUMP Coin

Blockbeats
06/27

BlockBeats News, June 27th, US President Trump successfully repaid a $114 million loan through cryptocurrency, brand licensing, and a personal media platform. The funds for this payment may have come from his sale of TRUMP Coin. Trump had previously relied on shadow banks like Ladder Capital for financing but has gradually shifted towards cryptocurrency and brand licensing as new avenues for wealth accumulation.

Trump's successful refinancing demonstrates the potential of crypto assets as a source of funds, especially as he used Bitcoin and his own TRUMP Coin to quickly boost his financial situation. Trump's actions have also sparked market interest in the use of cryptocurrency in traditional business.

As cryptocurrency becomes a mainstream wealth management tool, BiyaPay also provides users with convenient cryptocurrency exchange and global payment services. We support USDT deposits for exchange into over 30 fiat currencies such as USD, EUR, HKD, SGD, and more, offering zero freeze cards and fast, secure international remittance services. Additionally, users can actively participate in real-time US and Hong Kong stock trading through BiyaPay without the need for an offshore account.

BiyaPay helps you seize global capital market opportunities and easily engage in cryptocurrency-to-fiat trading.

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