Donald Trump Jr. took the opportunity to distance himself from his father’s memecoin.
The entrepreneur believes that the stablcoins will play a key role in sustaining the hegemony of the dollar.
Donald Trump Jr., son of the president of the United States, revealed in an interview that his family approached the world of cryptocurrencies, especially Bitcoin (BTC), after suffering the exclusion of the traditional banking system. “We did not get here because it was the new fashion, we did it out of necessity,” he argued.
Trump’s son clarified that in his family they see cryptocurrencies as a more equitable system, one that I could even protect the players well established like them of arbitrary exclusion.
To put in perspective, told That, due to the business trajectory of his family, he could previously call any banker in New York City and get a loan for some real estate project that he was doing. «Then, we got into politics and, suddenly, they did not attend the call. Financing could not be obtained. We were overwhelmed, ”he said.
He added that this led them to explore decentralized alternatives “out of necessity”, which supports not only their interest in Bitcoin, but also, for example, the initiative of the USD1 Stablecoin, which launched the Trump family through its company, World Liberty Finance. This asset, backed in United States Treasury Bonds, aims to serve as a cryptoactive with price parity to the dollar.
During the conversation, Trump Jr. also emphasized that The adoption of cryptoactive does not respond to a partisan cause: «This is not just a conservative matter. There are 50 million Americans who have some type of cryptocurrency, and not all are right. Many are simply people who value freedom and look for an alternative to the current system ».
In addition, the business specialist was demarcated by the president’s controversial memecoin of the president, clarifying that he did not participate in his creation or in his promotion. However, he acknowledged that these types of assets can function as a kind of social experiment.
“They are proof of concept,” he said. “The market understands that traditional finances are not always fair and therefore seeks alternatives.” With this he referred to the idea that Cryptocurrencies can serve as a response to a perceived system as exclusive or biased.
This way, Trump Jr. explained that his interest is focused on the most solid pillars of the ecosystemsuch as Bitcoin, the stablecoins and mining. In his opinion, these tools represent the future of finance. “We can accelerate that process completely betting on these technologies … we must do it,” he said, referring to a scenario in which the traditional banking system is increasingly displaced.
The attraction of the businessman for BTC mining was evident a few months ago. As Cryptonoticias reported, Donald Trump Jr. and his brother Eric ventured into this industry by merging his company, American Data Centers, with a new firm called American Bitcoin. This new project aims to position itself as one of the main actors in the mining sector in the United States.
Faced with the criticisms that accuse the cryptoactives of facilitating the financial operations of foreign adversaries, Trump Jr. was blunt: «It cannot be influenced by what cannot be traced clearly. That is the decentralized nature of all this. We do not know who is behind many of these transactions, and that is precisely what makes them different.
The role of stablecoins to maintain international dollar leadership
Regarding the potential impact of cryptoactive dollar hegemony (USD), Trump Jr. has an optimistic posture. He does not see Bitcoin or cryptocurrencies as a threat but rather the opposite. For example, it considers that Stablecoins supported in dollars can be key to sustaining the domain of the US currency in international markets.
«The companies that support these stable currencies, such as Tether, have become the main buyers of American treasure bonds, displacing countries that traditionally fulfilled that role. That contributes to sustaining the current United States debt model, ”he explained.
Trump Jr. is only one of several public figures from the US political and business sphere. During the recent Bitcoin Conference in Las Vegas, BO HIES, director of the Presidential Council of Advisors on Digital Assets, stressed that the approval of a regulatory framework for the Stablcoins would consolidate the international position of the US currency.
Along the same lines, although outside the circle of public officials, recent statements of the issue of Paolo Ardoino, CEO of Tether, the stablecoin issuing company with the highest possession of American treasure bond bonds are also highlighted. The businessman has said that his company It is a strategic ally of the dollarto the point of stating that the success of the project is closely linked to that of the United States.
