Donald Trump Jr said the explosion of stablecoins this year would help reinforce the US dollar’s dominance as the global reserve currency despite shifting geopolitics.
Trump Jr, the eldest son of the US president and a leading proponent of America’s embrace of crypto assets, said the surge in demand for stablecoins backed by the dollar was providing a ballast to sales of US debt.
“Crypto is actually going to be the thing that preserves dollar hegemony around the world,” said Trump Jr at a private meeting during a crypto conference in Singapore on Wednesday.
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