Circle · Donald Trump · United Arab Emirates · U.S. · CryptoSlate
Circle shareholder sues Trump over UAE crypto deals, citing up to $82 million in potential annual revenue
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
A Circle shareholder sued President Donald Trump, alleging UAE-linked cryptocurrency payments enriched his family and diverted business from USDC.
Key facts
- The complaint cites $263 million in 2025 equity-sale proceeds to two related entities, about $76 million above their share of the initial payment
- In March 2025, Abu Dhabi-backed MGX announced a $2 billion investment in Binance, saying settlement would occur in a stablecoin without naming one
- The complaint says $187 million of the $250 million initial installment went to Trump-linked entities
- Circle had agreed in November 2024 to pay Binance $60 million upfront plus monthly fees
Summary
01 A Circle shareholder sued Trump over a $500 million UAE-linked investment and a $2 billion stablecoin deal, alleging constitutional violations. 02 The complaint estimates $70 million to $82 million in potential annual reserve income tied to business it alleges USDC lost to USD1. 03 The plaintiff seeks to recover alleged unlawful proceeds and block further payments, but must first establish his right to sue on Circle's behalf. The complaint, filed Oct. 22 in Washington federal court, challenges a $500 million investment in Trump's World Liberty Financial and a separate $2 billion transaction settled using its USD1 stablecoin.