Eric Schmitt

That's right. And the Trump family has said that it did not sell any of its Ether, but it has moved some of it to a different platform where we can't see whether or not it's buying and selling. So we don't really know for sure. And this is just the beginning of the conflicts of interest that have emerged as a result of the continuing operations of World Liberty Financial.

That's right. And the Trump family has said that it did not sell any of its Ether, but it has moved some of it to a different platform where we can't see whether or not it's buying and selling. So we don't really know for sure. And this is just the beginning of the conflicts of interest that have emerged as a result of the continuing operations of World Liberty Financial.

Now that President Trump is in office. There's something else that's called a stable coin that they are just now issuing that's created a whole new field of conflicts.

Now that President Trump is in office. There's something else that's called a stable coin that they are just now issuing that's created a whole new field of conflicts.

Yes, I'm sorry. A stablecoin is a type of a crypto token that does not fluctuate in value.

Yes, I'm sorry. A stablecoin is a type of a crypto token that does not fluctuate in value.

So what they want people to do is to come to them with any kind of a crypto and you deposit it at World Liberty Financial, bring your Bitcoin, and you can transfer that Bitcoin into a certain number of stablecoins that will have a dollar value every day, no matter what is happening in the cryptocurrency markets.

So what they want people to do is to come to them with any kind of a crypto and you deposit it at World Liberty Financial, bring your Bitcoin, and you can transfer that Bitcoin into a certain number of stablecoins that will have a dollar value every day, no matter what is happening in the cryptocurrency markets.

That's what the promise is, yes.

That's what the promise is, yes.

Yeah, it's an alternative form of cash, which is sort of like you might wonder, well, why are they doing this if we already have cash?

Yeah, it's an alternative form of cash, which is sort of like you might wonder, well, why are they doing this if we already have cash?

But this is a way that the cryptocurrency industry says we're going to create a less volatile token that you can use to transact with. Because if all these kinds of cryptos are constantly changing in price, you can't really use it to buy and sell things. So this is the crypto industry's answer as to how they can create a relatively stable currency.

But this is a way that the cryptocurrency industry says we're going to create a less volatile token that you can use to transact with. Because if all these kinds of cryptos are constantly changing in price, you can't really use it to buy and sell things. So this is the crypto industry's answer as to how they can create a relatively stable currency.

It's called the stablecoin, and World Liberty Financial is now in the stablecoin industry.

It's called the stablecoin, and World Liberty Financial is now in the stablecoin industry.

It turns out that stablecoins are one of the most profitable chunks of the whole world of cryptocurrency because they could take that digital money that you brought them and they can earn a really big return on it. And they could potentially make hundreds of millions of dollars a year by effectively earning money off of your money.

It turns out that stablecoins are one of the most profitable chunks of the whole world of cryptocurrency because they could take that digital money that you brought them and they can earn a really big return on it. And they could potentially make hundreds of millions of dollars a year by effectively earning money off of your money.

And so now World Liberty Financial, as of this week, is issuing stable coins and selling them. And it's actually already asserts that it has a billion dollars worth of stable coin deposits. And so it's suddenly overnight become one of the largest stable coin issuers in the world.

And so now World Liberty Financial, as of this week, is issuing stable coins and selling them. And it's actually already asserts that it has a billion dollars worth of stable coin deposits. And so it's suddenly overnight become one of the largest stable coin issuers in the world.