Eric Trump: Stablecoins Will ‘Save the Dollar’ Amid USD1 Criticism

- Eric Trump claims stablecoins could 'save the US dollar' in controversial interview. - Trump-backed USD1 stablecoin faces criticism over potential conflicts of interest. Eric Trump’s assertion that stablecoins could “save the US dollar” has reignited scrutiny of the Trump family’s cryptocurrency involvement. According to a September 26, 2025, report from the *New York Post*, the U.S. President’s son spotlighted USD1 as a tool to boost the dollar’s global dominance. USD1 is a stablecoin tied to the Trump-backed crypto venture World Liberty Financial (WLFI), and his remarks have further fueled ethical and regulatory debates surrounding the family’s direct financial interest in the project. Concerns over conflicts of interest first surfaced in March 2025 after media outlets revealed the Trump family’s significant control over USD1, drawing sharp criticism from legal experts and lawmakers. Attorney Andrew Rossow condemned the initiative as a direct affront to constitutional safeguards, while Representative Maxine Waters suggested in April 2025 that President Trump could be grooming the stablecoin for federal use. Additionally, five Democratic senators issued a stark warning in a March 2025 letter, describing the situation as an unprecedented risk because the sitting president has a direct financial stake in a cryptocurrency. Legislation from the Trump administration has done little to ease these concerns. Although the GENIUS Act became law on July 18, 2025, and introduced new regulatory standards for stablecoins, critics argue it stops short of addressing ethical conflicts. Adding to the controversy, reports from August 2025 indicated that President Trump’s personal fortune from crypto-related ventures has surged by approximately $2.4 billion since 2022. The broader debate over the role of stablecoins in securing U.S. financial dominance remains heated. Proponents suggest they could fortify the dollar’s global standing, with Federal Reserve Governor Christopher Waller recently voicing such optimism. Similarly, LayerZero Labs CEO Bryan Pellegrino argued in April 2025 that stablecoins are critical tools for preserving U.S. economic influence. Opponents, however, warn of potential risks. European asset manager Amundi, for instance, cautioned in July 2025 that an excessive reliance on stablecoin policies could undermine the dollar’s long-term stability. At the time of writing, data from CoinMarketCap showed USD1 (World Liberty Financial USD) trading at $0.999, with its 24-hour trading volume having surged by 59.54%. Meanwhile, the associated WLFI (World Liberty Financial) token increased by a modest 0.9% to $0.205. As debates over the political and economic implications of stablecoins intensify, these assets remain at the center of the unfolding controversy.