US President Donald Trump is optimistic that dollar -backed Stablecoins will help maintain the US dollar as the world’s leading currency.
In a previously recorded video of the participants at the BlockWorks Digital Asset summit in New York, Trump He said It encourages the creation of a legal framework for Stablecoins, cryptocurrencies associated with the value of stable asset such as the US dollar.
“I called Congress to pass prominent legislation that creates simple and sound rules for Stablecoins and the market structure. With the correct legal framework, large and small institutions will be liberated for investment, innovation and participation in one of the most exciting technological revolutions in modern history.”
Stablecoins will enable the encryption pioneers to fuel the financial growth of America and strengthen the position of the US dollar as the most dominant global currency.
“You will unleash the explosion of economic growth and with a dollar -backed Stablecooins, it will help expand the dominance of the US dollar in the next several years. It will be at the top and this is where we want to keep. We just want to keep it on top.”
Trump says the financial revolution will take place in the United States, which hopes to make the world’s leading encryption center.
“I can already see that the energy and passion of the encryption community is the type of spirit that has built our country and it is exciting to watch you and you are inventing the future of financing here. It will be here in the United States of America, the good United States of America. America will make America from America unpublished Bitcoin shots and the world’s Crypto capital.”
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