"There's a famous saying that sometimes the enemy of your enemy is actually your best friend," Trump told the audience, adding, "That's Trump with the cryptocurrency community. And I think the banks have made the biggest mistake of their lives."
Trump's involvement in cryptocurrency comes after he faced significant opposition from major financial institutions due to his political stance. He shared his experience of being 'canceled' by the banking industry, describing how it sparked his interest in cryptocurrency as a safeguard against financial control.
"So many banks have been weaponized, and I am a prime example," he said. "I am probably the most canceled person for doing nothing wrong, just because we have a political viewpoint that may not be favored by some major financial institutions."
Joining Trump on stage were the co-founders of World Liberty Financial (WLF), a company that recently launched the USD1 stablecoin, backed by the US dollar. Trump, who also advises WLF, emphasized the growth of this coin, noting its impressive market capitalization of $2 billion. The company also announced that USD1 can now operate across multiple blockchains through Chainlink's Cross-Chain Interoperability Protocol (CCIP).