Banana republic 2
(£) https://www.thetimes.com/us/american-politics/article/zach-witkoff-steve-trump-crypto-nds9zjj9t
In a few months this has become the world’s fifth-largest stablecoin — a virtual currency pegged to the US dollar — with a market capitalisation of $2.2bn, paying commission to Witkoff and the Trumps every time it changes hands.
(£) https://www.thetimes.com/us/american-politics/article/zach-witkoff-steve-trump-crypto-nds9zjj9t
In a few months this has become the world’s fifth-largest stablecoin — a virtual currency pegged to the US dollar — with a market capitalisation of $2.2bn, paying commission to Witkoff and the Trumps every time it changes hands.
Comments
It is quite interesting.
And also a way for Trump and his cronies to cash in. Shameless.