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Eric Trump: “Circumventing the banks, circumventing credit cards…”

Featuring: Eric Trump, Executive Vice President of the Trump Organization | National

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Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight

Published | Video Starts at 43:22

And so you're going to see stablecoins not only obviously be reflective of currencies around the world, but you're going to see stablecoins be the rails by which all businesses are operated on again, Circumventing the banks, circumventing credit cards, substantially lowering fees, substantially lowering the dilution of money. And that's happening and that's being embraced very, very quickly. So I think USD1's going to win the day. I think there were other great stablecoin projects, no question. (43:22–43:31)

CLAIM

Asserts that stablecoins will bypass banks and credit cards, reducing fees and money dilution.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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