Oobit integrates $TRUMP token into Visa and Mastercard networks

The $TRUMP token, a memecoin inspired by U.S. President Donald Trump, has secured listings on several major exchanges.

The token is now listed on Binance, Coinbase, Robinhood, KuCoin, Kraken, and Crypto.com. $TRUMP is also accessible on decentralized exchanges like Uniswap V2 (Ethereum) and PancakeSwap V3 (BSC), while Bybit introduced perpetual trading for the TRUMP/USDT pair.

Initially priced at $3 per coin, $TRUMP skyrocketed to a peak of $76.94, briefly hitting a staggering market valuation of $15 billion. Despite initial gains, the Trump token’s price dropped sharply, falling more than 40% in the last 24 hours.

Singapore-based cryptocurrency platform Oobit further expanded the token’s utility, allowing EU users to make everyday purchases—such as buying meals at McDonald’s—using $TRUMP tokens through a tap-and-pay feature.

Oobit allows cryptocurrency holders to “Tap & Pay” at over 100 million retailers worldwide, leveraging existing Visa and Mastercard networks in a manner similar to Apple Pay.

Despite the memecoin’s success and Trump’s previous pro-crypto campaign promises, digital assets were absent from the administration’s official “America First Priorities”. Instead, the president’s agenda focused on public safety, energy independence, government reform, and traditional American values.

Speculation over Trump issuing an executive order to establish a strategic Bitcoin reserve also went unfulfilled on January 20. However, market analysts remain optimistic that crypto-related initiatives will emerge during his second term. Bettors on Polymarket, a decentralized prediction platform, still estimate a one-in-three chance that a Bitcoin reserve could be announced within Trump’s first 100 days in office.

California Representative Maxine Waters, ranking Democrat on the House Financial Services Committee, raised concerns about the impact of Trump’s memecoin. In a statement, Waters described the token as the “worst of crypto” and warned that it could compromise the industry’s credibility.

Waters alleged that the memecoin lacked transparency, prevented investors from filing class-action lawsuits, and created opportunities for money transfers without adequate oversight. She suggested that these factors could enable circumvention of anti-corruption and national security laws. The congresswoman also predicted that investors would bear the losses once insiders cashed out, referring to the potential for a “rug pull.”

“Through his memecoin, Trump has created a way to circumvent national security and anti-corruption laws,” said Waters.