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Eric Trump, the second son of U.S. President Donald Trump, emphasized that stablecoins could play a key role in preserving the global dominance of the U.S. dollar.
‘Stablecoins will save the U.S. dollar!’: Eric Trump’s bold crypto claim https://t.co/zqXY5qZ4Kl pic.twitter.com/yH8R7RqbWP
— New York Post (@nypost) September 26, 2025
In an interview published by the New York Post on September 26, Eric Trump highlighted USD1, the stablecoin issued by the Trump family’s crypto venture, World Liberty Financial (WLFI). He argued that stablecoins represent the mechanism through which the dollar can maintain its strength and global supremacy.
Stablecoins and Dollar Hegemony
Eric Trump’s remarks follow growing scrutiny over the family’s financial ties to digital assets. WLFI’s stablecoin project was first unveiled in March 2025, quickly raising red flags among government officials about potential conflicts of interest.
The comments also come after President Trump signed the Genius Act, the U.S. stablecoin regulatory framework, into law on July 18, 2025, further intensifying concerns that the administration’s policymaking could benefit the family’s private ventures.
Democratic lawmakers had already warned in March that having a sitting president with direct financial stakes in stablecoins posed “unprecedented risks” to the financial system. In April, Rep. Maxine Waters argued that Trump may be aiming to integrate stablecoins into nearly all aspects of government payments, from HUD housing programs to Social Security and even federal tax collections.
Debate Over Dollar’s Future
Elizabeth Warren and others echoed concerns in August, stressing that the new law does not prevent a president or their family from profiting from stablecoin issuance. Critics note Donald Trump’s personal wealth has grown by an estimated $2.4 billion since entering the crypto sector in 2022.
Still, Eric Trump’s argument reflects a broader debate within finance: many see stablecoins as a vital tool for reinforcing the dollar’s role as the world’s reserve currency.
Federal Reserve Governor Christopher Waller voiced support in February, saying stablecoins could expand U.S. dollar influence globally. Similarly, LayerZero Labs founder Bryan Pellegrino argued in April that stablecoins are the best tool for the U.S. government to maintain monetary dominance.
Not everyone agrees. In July, European asset manager Amundi warned that favorable U.S. stablecoin rules could paradoxically undermine the dollar’s global dominance over the long term.
