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Stock impact report

Eric Trump's Bold Claim: Stablecoins Will “Save the U.S. Dollar” – But There's a Catch [Yahoo! Finance]

American Bitcoin Corp. - Class A (ABTC) 
Company Research Source: Yahoo! Finance
President Donald Trump, has made his most striking endorsement of digital assets yet, claiming that stablecoins could “save the U.S. dollar.” The remarks, made in an interview with the New York Post on Friday, centered on his family's crypto project, World Liberty Financial, and its flagship token, USD1. Trump said he believed surging demand for cryptocurrencies could bolster America's position in global finance by channeling “trillions from around the world in wonky currencies” into the United States. He argued that Bitcoin mining and tokenized finance could fuel “a kind of financial revolution” rooted in the U.S., adding, “I think it arguably saves the U.S. dollar.” Critics Warn of ‘Unprecedented Risks' Over Trump Stablecoin Ties The comments coincided with Trump's appearance at Nasdaq, where he rang the opening bell to mark the debut of American Bitcoin Corp (ABTC). The firm, which trades under the new ticker following a merger between American Bitcoin and Gryphon Digit Show less Read more
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