In recent years, cryptocurrency has gained the attention of many, including Donald Trump, who shared his experiences with the banking system.
Trump's Experience with Financial Institutions
Donald Trump spoke about how he faced significant pushback from major financial institutions. He noted that his political views led to being 'canceled' in the banking sector. According to him, he was 'probably the most canceled person' for doing nothing wrong, except for having a political stance that did not align with those of big banks.
Cryptocurrency as a Protective Measure
Trump remarked that his experience of being 'canceled' sparked his interest in cryptocurrency, which he sees as a protective mechanism against financial gatekeeping. He stated, 'So many of the banks have been weaponized, and I was case in point.'
Updates in the Stablecoin Market
The event also featured the co-founders of World Liberty Financial, who introduced the USD1 stablecoin, backed by the U.S. dollar. Trump, acting as an advisor to WLF, highlighted the impressive growth of this token, noting its market cap of $2 billion. The company announced that USD1 is now operable across multiple blockchains via Chainlink's Cross-Chain Interoperability Protocol.
Thus, Trump's statement and the discussion surrounding new stablecoins highlight the growing importance of cryptocurrency as an alternative to traditional financial systems, as well as the former president's stance on financial technologies.
