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CRCLBullishstablecoin_usage_changenews
Medium materiality5/10

Trump Stablecoin Scrubbed From UAE-Linked Prediction Market Site

Nov 11, 2026, 1:00 PM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The disclosed switch away from USD1 toward USDC indicates weaker real-world adoption for the Trump-linked USD1 and reinforces USDC's incumbent usage in this merchant case; this is a supply/demand signal favoring Circle's USDC adoption, though the scale to Circle's volumes or revenue is unclear.

AI summary

What happened, with direct paths to the underlying reporting

PredictStreet removed website references to the Trump-linked USD1 stablecoin and switched to USDC on its site after blockchain analysis showed trades were conducted in USDC, not USD1.

  • Blockchain analysis found no evidence that PredictStreet used USD1 for trading; transactions were conducted in USDC.
  • Following Bloomberg inquiries, PredictStreet removed references to USD1 from its website and replaced them with USDC after the midterm elections, saying earlier information was outdated.
  • PredictStreet had been listed among International Holding Company subsidiaries in IHC's June financial statements, but an IHC spokesperson said PredictStreet is no longer a subsidiary.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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