Eric Trump Advocates Stablecoins as a Solution for the Dollar

According to PANews, Eric Trump, the second son of U.S. President Donald Trump, expressed his belief that stablecoins could "save the dollar" during an interview with the New York Post on Friday. He highlighted the stablecoin USD1, which is linked to the Trump family's cryptocurrency initiative, World Liberty Financial. This project has garnered significant attention in Washington. In April, Maxine Waters, a senior member of the U.S. House Financial Services Committee, suggested that President Trump might be considering replacing the dollar with his stablecoin. The statement underscores the growing interest and potential impact of stablecoins in the financial landscape.