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Eric Trump: “USD 1 is backed 1 to 1 against the US dollar.”

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

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Published | Video Starts at 36:00

You're giving so much financial independence to people in those countries by doing so, right? And it's Safe, it's backed 1 to 1, USD 1 is backed 1 to 1 against the US dollar. et cetera, et cetera. And so you're going to see trillions and trillions of dollars flow into the US economy based on this. (36:00–36:06)

CLAIM

Asserts that USD 1 stablecoin is backed one-to-one with the US dollar.

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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