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Eric Trump: “Stablecoin is backed one to one on US Treasuries.”

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

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Published | Video Starts at 44:31

And then we have a company called World Liberty Financial and we have the fastest growing stablecoin. So again, stablecoin being kind of defined as the US dollar digitized, that's Stablecoin is backed one to one on US Treasuries. And I think that's really going to be the oil by which the whole system works, or so much of the system works, meaning you want to make a payment, you want to buy a watch from your friend and they're in a different country. (44:31–44:39)

CLAIM

Asserts that their stablecoin is backed by US Treasuries on a one-to-one basis.

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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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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