Donald Trump Jr. and Eric Trump announced at the inaugural World Liberty Forum held at Mar-a-Lago that their company, World Liberty Financial, aims to modernize the U.S. dollar with a new stablecoin called USD1. They argue that USD1 will preserve “dollar hegemony” by tracking the value of the dollar, which aligns with historical shifts in currency dominance dating back to 1792. The Trump brothers emphasize that their move into cryptocurrency stems from experiences of being ostracized by traditional banks, compelling them to seek innovative financial solutions beyond what they perceive as a complacent Wall Street.
World Liberty Financial promotes USD1 stablecoin to modernize U.S. dollar
