Eric Trump spoke on October 7 at TOKEN2049 in Singapore to defend the US dollar’s role in global finance. The dollar represents 56.7% of global foreign exchange reserves in Q2 2026, compared to 20.6% for the euro and 2.11% for the yuan, according to the IMF. Eric Trump presents dollar-pegged stablecoins as a way to expand access to the US currency without requiring an American bank account. The World Liberty Financial project, linked to the Trump family, commercializes the USD1 stablecoin with BitGo, whose reserves support demand for American public debt. This dynamic illustrates how blockchain can extend the international use of the dollar, which raises concerns in certain regions.
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