Trump Saves Private Banking And Then Launches His Own Digital Dollar
For best results when printing this announcement, please click on link below:On January 23, 2025, President Donald Trump signed Executive Order 14178,prohibiting the development of a central bank digital currency (CBDC) in theUnited States. This measure protected the role of private banking in thecreation of digital money and prevented the centralization of financial powerwithin the state.However, in March 2025, World Liberty Financial, backed by Trump and hisfamily, announced the launch of a stablecoin called USD1. This cryptocurrency,pegged to the U.S. dollar, is backed by U.S. Treasury bonds, dollars, andother cash equivalents. It will initially be implemented on the Ethereum andBinance Smart Chain blockchains , with plans to expand to other protocols inthe future.This move appears contradictory: while Trump blocks a state-issued CBDC toprotect financial decentralization and private banking , he simultaneouslysupports a private digital currency. The key difference lies in the issuer : aCBDC centralizes control in the government , whereas a private stablecoin likeUSD1 keeps digital money issuance in the hands of the private sector ,preserving competition and the decentralization characteristic of financialcapitalism.By launching USD1, Trump and his team aim to position the U.S. as a leader indigital financial innovation , offering a private and decentralizedalternative to state-controlled CBDCs that other countries are developing.What is Bitcoin and how does it work?Bitcoin is a digital currency that operates without banks or governments. It'slike internet money , but decentralized.* Blockchain: A public ledger where all transactions are recorded. * Mining: Computers verify and confirm transactions by solving mathematicalproblems. * Digital wallets: Bitcoins are stored in apps or special devices. * Limited supply: There will only ever be 21 million Bitcoins , making it scarceand valuable. It is used to buy things, invest, or save , although its price fluctuatessignificantly.How much is 1 Bitcoin in USD?In the last 24 hours, Bitcoin's price has increased by 0.04% , meaning a smallrise in value. If yesterday it was approximately $82,360 , today it has goneup by $33 , reaching $82,393 .