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Trump's Crypto Project Vows To Bolster US' Financial Dominance With Dollar-Pegged Stablecoins And DeFi: 'We Know The Magnitude Of What We're Building...'

Former President Donald Trump’s upcoming cryptocurrency project, World Liberty Financial, expressed its commitment to promoting the mass adoption of dollar-pegged stablecoins to uphold U.S. financial supremacy.What Happened: On Wednesday, the team behind the hotly-anticipated decentralized finance (DeFi) initiative outlined its mission of making the cryptocurrency derivatives of the U.S. dollar the world’s settlement layer for the next 100 years.“By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar's dominance continues, securing America's financial leadership and influence on the global stage,” World Liberty Financial wrote in an X post. “Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance.”“We know the magnitude of what we're building and its potential impact on both crypto and our country, especially with the upcoming elections.”Full story available on Benzinga.com

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Published by: benzinga

Read full article here: https://www.benzinga.com/markets/cryptocurrency/24/09/40722435/trumps-crypto-project-vows-to-bolster-us-financial-dominance-with-dollar-pegged-stablecoin