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.
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