Trump Family’s World Liberty Financial Project Aims To Preserve Dollar’s Global Dominance Via Stablecoins
The Trump family’s World Liberty Financial crypto project is on a mission to bolster the global dominance of the US dollar by promoting the widespread adoption of dollar-pegged stablecoins and decentralized finance (DeFi). That’s according to a Sept. 4 thread on X, which emphasized the importance of maintaining the dollar as the world’s leading settlement currency for the next century. “By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar’s dominance continues, securing America’s financial leadership and influence on the global stage,” it said. “The U.S. dollar has been the backbone of global finance for decades, but it’s now under attack by foreign nation-states.“ The initiative is being positioned as a safeguard against growing concerns that the US dollar’s global influence is waning. [6/7] By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar’...