Circle Shareholder Sues Trump Over UAE Crypto Deals, Citing $82M Revenue Loss
A Circle shareholder has filed a lawsuit against Donald Trump, alleging that UAE-linked cryptocurrency deals diverted business from USDC and enriched Trump's family.
A Circle shareholder has filed a lawsuit against Donald Trump, alleging that UAE-linked cryptocurrency deals diverted business from USDC and enriched Trump's family. USDC (USDC) is trading at $0.9997. This is an original TLT brief based on reporting by CryptoSlate, with live market data added, as of Sat, 24 Oct 2026 17:00:04 UTC.
The lawsuit highlights potential conflicts of interest and competition between Trump's cryptocurrency ventures and established stablecoins like USDC, with implications for market dynamics and regulatory scrutiny.
- Lawsuit claims Trump's UAE crypto deals diverted up to $82M annual revenue from USDC.
- Complaint targets $500M investment in Trump's World Liberty Financial and $2B USD1 transaction.
- USDC market cap at $71.6B dwarfs USD1's $3.95B, indicating significant market disparity.
- Circle's USDC Hits $36T Transaction Milestone Amid $1.4B Revenue Surge
- Circle Defends USDC Revenue Model Amid Open USD Competition
- Circle Defends USDC Model Amid Stablecoin Reserve Revenue Debate
- Circle Shareholder Sues Trump Over Alleged Crypto Market Manipulation
- Circle Shareholder Sues Trump Over UAE Crypto Deals, Citing $82M Revenue Loss — this brief
A Circle shareholder has filed a lawsuit against former President Donald Trump, alleging that UAE-linked cryptocurrency deals have diverted business from 
USDC, a stablecoin issued by Circle. The complaint, filed on October 22 in Washington federal court, claims that these deals could result in up to $82 million in annual revenue losses for USDC.
The lawsuit targets two specific transactions: a $500 million investment in Trump's 
World Liberty Financial and a $2 billion transaction settled using the 
USD1 stablecoin. These allegations suggest that Trump's ventures are competing with established players in the stablecoin market.
According to on-chain data, USDC has a circulating supply of $71.76 billion, while USD1's circulating supply is significantly lower at $3.97 billion. This disparity underscores the potential impact of the lawsuit on the competitive landscape of the stablecoin market.
The broader cryptocurrency market is currently experiencing a downturn, with the total market cap at $2.73 trillion and 
Bitcoin down 2.43% in the last 24 hours. USDC's price remains stable at $0.999711, with a slight 0.01% increase in the last 24 hours.
The outcome of this lawsuit could have significant implications for the stablecoin market and the competitive dynamics between established players and new entrants. It also raises questions about potential conflicts of interest and the regulatory scrutiny of cryptocurrency ventures linked to high-profile individuals.
Since this brief published about 1 hour ago, USDC (USDC) has moved from $0.9997 to $0.9997 — -0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,383.32 (about $0.9997), up 0.0% over 24 hours. The naira itself trades about 4.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 24, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle Shareholder Sues Trump Over UAE Crypto Deals, Citing — questions & answers
What are the specific allegations in the lawsuit?
The lawsuit alleges that UAE-linked cryptocurrency deals, including a $500 million investment in Trump's World Liberty Financial and a $2 billion USD1 transaction, diverted business from USDC and enriched Trump's family.
How much revenue does the lawsuit claim was lost by USDC?
The lawsuit claims that up to $82 million in annual revenue was lost by USDC due to the alleged diversion of business.
What is the market cap of USDC compared to USD1?
USDC has a market cap of $71.6 billion, while USD1's market cap is $3.95 billion, indicating a significant disparity in market presence.
How much is 1 USDC worth in naira today?
About ₦1,383.32 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9997. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.