US President Donald Trump’s son Eric told the New York Post that stablecoins could “save the US dollar,” and defended his family’s crypto ventures.
Eric Trump, son of US President Donald Trump and a businessman with several crypto ventures, said stablecoins could preserve the US dollar’s strength.
In an interview with The New York Post published Friday, Eric Trump said he is convinced stablecoins will “save the US dollar.” He highlighted USD1, the stablecoin tied to the Trump family’s crypto project, World Liberty Financial, which has drawn scrutiny in Washington.
When plans by World Liberty Financial (WLFI) — the Trump family-backed crypto project — were revealed in late March, critics raised conflict of interest concerns. Attorney Andrew Rossow told Cointelegraph at the time that the stablecoin is “a direct affront to constitutional safeguards meant to prevent conflicts of interest.”
