Spotlight | UAE, United States
UAE blockchain firm employed Trump associate to realise US stablecoin ambitions

A temporarily installed statue designed to draw attention to President Trump's cryptocurrency policy, in Washington, on 17 September 2025.
A temporarily installed statue designed to draw attention to President Trump's cryptocurrency policy, in Washington, on 17 September 2025. © Andrew Leyden/Zumapress.com/MaxPPP
Crypto networks (3/3): Palm Global Technologies reported receiving tens of millions of dollars in financing this year as part of its efforts to launch a sovereign-asset backed stablecoin. To attract more backers, the group has been quietly employing a tech entrepreneur with a history of fleeing troubled businesses. [...]
Reading time 3 minutes Matt Bernardini, Michael Sweeney
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