Ripple and Galaxy executives facilitated the launch of Donald Trump's official memecoin by loaning $160 million to MoonPay. The loan was crucial as MoonPay faced immense trading demand over a weekend when its fiat accounts were inaccessible due to a public holiday. The token, launched just before the swearing-in ceremony, saw its market cap surge from $200 million to over $10 billion in 48 hours. Initially, MoonPay required $100 million in USD Coin, but due to underestimated demand and subsequent token launches like Melania Trump's MELANIA tokens, the company sought an additional $60 million. Both Ripple's Brad Garlinghouse and Galaxy's Mike Novogratz agreed to the loans after thorough vetting. MoonPay successfully repaid the total loan amount by January 21, following increased user onboarding and substantial trading volume, despite TRUMP's price declining 79% since its peak.

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