27th September 2025 – (New York) Eric Trump has issued his most robust endorsement of digital assets to date, asserting that stablecoins possess the potential to “save the U.S. dollar.” The claim, made during an interview with the New York Post, has ignited fresh debate over the Trump family’s deepening involvement in the cryptocurrency sector and the potential for unprecedented conflicts of interest.
The executive’s comments centred on World Liberty Financial, a cryptocurrency venture launched by the Trump family, and its flagship stablecoin, USD1. Mr Trump contended that soaring global demand for digital currencies could reinforce America’s financial standing by funnelling “trillions from around the world in wonky currencies” into the United States.
He suggested that Bitcoin mining and the expansion of tokenised finance could catalyse “a kind of financial revolution” anchored within the US. “I think it arguably saves the U.S. dollar,” Mr Trump stated.
The remarks coincided with his appearance at the Nasdaq exchange to mark the public debut of American Bitcoin Corp (ABTC), a mining firm now valued at over $500 million following a merger. According to the Financial Times, Eric Trump holds a significant stake in the company.
The Trump family’s foray into stablecoins has drawn sharp criticism from lawmakers and legal experts in Washington. When World Liberty Financial was first unveiled in March, concerns were immediately raised regarding the ethical implications of a sitting president’s immediate family having a financial interest in a private digital currency.
Legal analyst Andrew Rossow previously described the USD1 stablecoin as “a direct affront to constitutional safeguards meant to prevent conflicts of interest.” In April, Representative Maxine Waters expressed fears that Donald Trump could potentially advocate for replacing traditional government payment systems, including Social Security disbursements, with the family-backed stablecoin.
These apprehensions have intensified since the Trump administration signed the GENIUS Act into law in July, establishing a regulatory framework for stablecoins. While the legislation provided clarity for US-approved stablecoins, critics noted it contained no provisions to prevent the president, his relatives, or associated enterprises from profiting.
A cohort of five Democratic senators, including Elizabeth Warren, previously warned that presidential connections to a stablecoin project posed “unprecedented risks to our financial system.” Since President Trump entered the cryptocurrency arena in 2022, estimates suggest his personal wealth has grown by approximately $2.4 billion from related ventures.
The political debate unfolds as financial institutions project explosive growth for the stablecoin market. Analysis from Citigroup forecasts the sector’s market capitalisation could surge past $2 trillion by 2030, a substantial increase from its current valuation of around $240 billion.
The bank’s report attributes this potential growth to clearer regulations and broader institutional adoption. In a base-case scenario, Citi envisages a market worth $1.6 trillion, with an optimistic projection reaching $3.7 trillion. However, the report also cautions that regulatory ambiguity could cause growth to stagnate at approximately $500 billion.
This adoption is already influencing government debt markets. Major stablecoin issuers like Tether hold tens of billions of dollars in US Treasury bonds, and Citi predicts they could rank among the largest global holders of such debt by 2030. The bank did warn, however, that widespread stablecoin use could disrupt traditional banking through “deposit substitution.”
Not all institutions share Citi’s bullish outlook. JPMorgan projects the market will grow to only $500 billion by 2028, arguing that mainstream use for payments remains limited, with most activity still confined to trading and collateralisation.
