Eric Trump: “Stablecoins will save the US dollar”

INFBusiness
28.09.2025
News

Eric Trump, son of US President Donald Trump, has again spoken out about the role of stablecoins in the international financial system.
In an interview with the New York Post, he stated that “stablecoins will save the US dollar.”
He referred in particular to USD1, the digital currency of the Trump-affiliated crypto project World Liberty Financial (WLFI).
The project has been under intense political scrutiny since its announcement at the end of March. Shortly after its announcement, several experts warned of a potential conflict of interest.
The project also sparked criticism in the US Congress. Maxine Waters, ranking member of the House Financial Services Committee, expressed suspicion in April that Trump wanted to replace the US dollar in the government apparatus with his own stablecoin.
“Trump likely wants the entire government to use stablecoins—from social benefits to tax payments. And which coin would he choose? His own, of course,” Waters said.
In a letter at the end of March, five Democratic senators pointed to “unprecedented risks to the financial system” if a sitting president were to directly profit from a digital currency.
Criticism intensified after President Trump signed the so-called GENIUS Act on July 18, which advances the regulation of stablecoins in the US.
With the recent IPO of the WLFI token of the DeFi project World Liberty Financial, Trump's crypto assets rose to over five billion US dollars in early September.
How exactly WLFI works – and whether the token has potential – you can read here: Buy World Liberty Financial (WLFI): Is the new “Trump Coin” worth it?

No results