Trump Trade: ALT5 Sigma adds $TRUMP coin to trading, payment platform

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

TRADING, PAYMENT PLATFORM: ALT5 Sigma Corporation (ALTS) announced that the Official $TRUMP Coin has been added to both its ALT5 Prime trading platform and to ALT5 Pay. The $TRUMP Coin, launched on January 17, 2025 on the Solana blockchain, has achieved a fully diluted market capitalization of $17B and over $2B in daily trading liquidity as of February 17, 2025. By adding $TRUMP to its platforms, ALT5 Sigma is enabling a broad range of investors and businesses to engage with the coin through secure, seamless transactions. ALT5 Pay now includes the option for merchants to accept $TRUMP Coin. To further enhance the user experience and reduce the inherent volatility risks associated with cryptocurrency payments, merchants using ALT5 Pay can also choose to automatically convert $TRUMP transactions into USD, a stablecoin, or simply accept the $TRUMP as payment, ensuring a stable, predictable value for payments processed through the platform. This integration empowers merchants worldwide to broaden their customer base and tap into the growing number of consumers using cryptocurrency as a preferred method of payment.

PRODUCTION OUT OF MEXICO: Nissan (NSANY) CEO Makoto Uchida said that if President Trump follows his plan to impose 25% tariffs on imported goods from Mexico, the company may be forced to move its production out of the country, Sarah Fotinsky of The Hill reports. “We are exporting a large volume to U.S., so if there’s a high tariff, this will have huge implications on our business, so we need to monitor this carefully,” Uchida said at a press conference.

DOGE COMMENTS: JPMorgan lowered the firm’s price target on Iron Mountain (IRM) to $112 from $125, while keeping an Overweight rating on the shares. The firm also placed the shares on “Positive Catalyst Watch” following the Q4 report. Last week’s comments from the Trump Administration’s Department of Government Efficiency and Elon Musk appear to have weighed on Iron Mountain shares, the firm tells investors in a research note. JPMorgan points out that DOGE posted photos of an Iron Mountain facility on the social media and Musk subsequently commented that “there’s a limestone mine where (the U.S. government) store(s) all the retirement paperwork…this mine looks like something out of the ’50s.” JPMorgan believes the Underground is widely understood to be one of the most secure records storage facilities in the world. It believes the DOGE overhang on the stock “should prove short-lived.” Iron Mountain’s work has been a positive for reducing accumulated paper backlogs, the firm contends.