
MoonPay, a crypto payments company, secured a crucial $160 million in combined loans from Galaxy Digital and Ripple to sustain the surging demand and purchases of President Donald Trump’s official Solana meme coin, TRUMP, during the weekend of its launch.
The trio’s collaboration, which was detailed by the MoonPay President Keith Grossman on the ”When Shift Happens” podcast, required MoonPay CEO Ivan Soto-Wright to “sign away his life” and the company to “promise” it had no liens on its reserve funds.
“The volumes were just gigantic,” Grossman said, “All of the liquidity that we use to sort of wire the crypto was
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