CoinDesk Podcast Network Stablecoins 2.0: How USD1 Is Setting the Benchmark | Consensus 2025 Highlights
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Jun 4, 2025 
Eric Trump, businessman and son of Donald Trump, joins Sergey Nazarov, co-founder of Chainlink, in a dynamic discussion on financial innovation. They dive into the explosive growth of stablecoins, particularly USD1, highlighting its power to revolutionize transactions. The duo emphasizes the integration of DeFi with traditional finance and critiques outdated banking practices. They advocate for hyper automation to tackle compliance costs and enhance financial inclusion, aiming for a transformative financial ecosystem that empowers underserved communities.
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Stablecoins' Explosive Growth
- Stablecoins are among the most successful cryptocurrency assets, with $243 billion minted and 120 million monthly transactions.
- They represent the first use case of tokenized real-world assets and could grow over $1 trillion by 2030.
Eric Trump on Bitcoin Mining & USD1
- Eric Trump shared his work with American Bitcoin mining affordable Bitcoin using low-cost energy in Texas.
- He also introduced World Liberty Financial's USD1, the fastest growing stablecoin, backed 1:1 by U.S. Treasuries.
USD1 Boosts US Treasury Demand
- USD1 stablecoin increases demand for U.S. Treasuries by facilitating global transactions with minimal fees.
- It provides financial freedom to countries where access to U.S. dollars is expensive or restricted.