💵 Eric Trump: Stablecoins Could Save The Dollar & Bring Trillions To US Economy
Eric Trump, co-founder of World Liberty Financial (WLFI), stated Wednesday that stablecoins could inject trillions into the U.S. economy and safeguard the dollar's dominance.
Here's the breakdown: When stablecoins are backed by U.S. Treasury bonds, every dollar in circulation represents demand for U.S. debt. As global stablecoin adoption grows, it creates a perpetual bid for Treasuries essentially making crypto users involuntary supporters of U.S. fiscal policy. Circle (USDC) and Tether (USDT) already hold over $100B in Treasuries combined.
The irony? Crypto was built to escape fiat, but stablecoins might end up being the dollar's best export product. Is this bullish for both crypto AND traditional finance, or are we building a Trojan horse that strengthens the very system we wanted to disrupt? 🤔
Source: Benzinga
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