Eric Trump, co-founder of the World Liberty Financial (CRYPTO: WLFI) platform, said Wednesday that stablecoins could inject trillions into the U.S. economy and safeguard the dollar.
Trump Says Investors Want To Buy Dollar-Pegged Stablecoins
During an interview with CNBC on the sidelines of the World Liberty Forum at Mar-a-Lago, Trump said that these cryptocurrencies, pegged 1:1 to the dollar, could ramp up demand for the greenback.
“Stablecoins are going to bring literally trillion dollars into the U.S. economy. It arguably could save the dollar,” he stated.
Trump argued that global investors, particularly from countries grappling with rampant corruption, poor governance, and “massive” inflation, can now access an asset backed by the dollar and U.S. treasuries, and join the “greatest financial system” in the world.