$WLD
🚨 🇺🇸 Donald Trump Jr. says🎤🎤 crypto will preserve US dollar dominance 🕹🚨
It appears Donald Trump Jr. believes digital currencies, especially stablecoins backed by the US dollar, will play a crucial role in maintaining the dollar's dominance in the global economy 📈
This comes under the Trump family's "World Liberty Financial" project, aiming to spread the use of dollar-backed stablecoins in decentralized finance (DeFi) 🌐
Key Points about World Liberty Financial 📊
- The Goal 🎯: The project aims to enhance US dollar dominance by promoting dollar-backed stablecoins globally 🌎
- Stablecoin 💰: A stablecoin backed by the US dollar 1:1 will be developed, enhancing stability and reducing risks 🛡️
- Integration with DeFi 🤖: The project plans to integrate with DeFi platforms to boost stablecoin usage 🚀
- Technical Leadership 💻: Rich Teo, former co-founder of Paxos, which developed the Paxos Standard Token, will lead the project 👥
Donald Trump, the US President, has also expressed optimism about dollar-backed stablecoins, stating they will help maintain the US dollar as the leading global currency 💥
He encourages creating a legal framework for stablecoins, allowing institutions to invest and innovate
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