Once, the eccentric Tughlaq introduced coins made of copper, brass, and even leather.
Now it's Donald Trump, who, in his obsession with cryptocurrency, might end up pushing the U.S. Dollar off a cliff.
➡️ Modi and Putin might not even need to flex their muscles for a BRICS currency.
Is Donald Trump himself trying to weaken the U.S. Dollar’s dominance?
🕉️ Around the world, there's growing discussion about the BRICS group—comprised of India, Russia, and China—considering the launch of their own currency to end the dominance of the U.S. Dollar and American monetary supremacy.
As the foundation of American hegemony—its dollar—faces global scrutiny, even the American public is not untouched by concerns over the dollar’s future.
But the American public’s concern isn't primarily about Indian Prime Minister Narendra Modi or Russian President Vladimir Putin introducing a dollar alternative.
Rather, the concern is about their own president—Donald Trump—and his growing affinity toward cryptocurrencies in his second presidential term.
However, before diving deeper, it’s important to note that Trump’s interest in cryptocurrency wasn’t always there.
During his first term, he was a vocal critic of Bitcoin, the most widely used cryptocurrency.
But after losing power, the businessman in Trump began showing interest in crypto, eventually stepping into the cryptocurrency business himself.
In stark contrast to his first term, Trump has now become a strong advocate of cryptocurrency in his second term.
Claiming to protect the public from the volatility of crypto markets, President Trump introduced a law called the Genius Act to regulate the crypto market during his second term.
This has led the American public to grow increasingly concerned—not just about the dollar’s future but about Trump’s pro-crypto tilt.
To understand this concern, we need to examine the series of events following Trump’s return to power:
• In March, the Trump family’s private company, World Liberty Financial, issued a stable cryptocurrency called USD1.
• A few months later, citing the need to regulate crypto markets and protect Americans, the Genius Act was introduced.
• Under this law, the U.S. Federal Reserve—the central bank that issues and regulates the U.S. Dollar—was excluded from any regulatory authority over cryptocurrencies and crypto markets.
• In simple terms, this means that the Fed has no say in issuing or regulating crypto.
• The only role of the Fed under this act is to guarantee or insure the risks of private company-issued cryptocurrencies.
In short, private companies make the profits, while the risks are covered by the taxpayer-funded Federal Reserve.
Meanwhile, the Trump family’s company launched USD1—backed by U.S. Treasury bonds, dollar reserves, and similar assets—and pegged it 1:1 with the U.S. Dollar.
This made things even more interesting: the Trump coin was branded a "stablecoin" and named USD1.
Thus, the U.S. financial system now has two currencies:
• The traditional USD (U.S. Dollar)
• The new USD1 (Crypto stablecoin)
This has understandably caused confusion.
According to the stated purpose, USD1 is meant for digital payments, international transactions, and decentralized finance (DeFi).
Though Trump claimed the Genius Act was to protect the public, the reality seems different.
Economists, financial experts, and even the general American public are not reassured by Trump’s moves in the crypto space—they are alarmed.
A question is now troubling Americans:
Will Donald Trump one day replace the U.S. Dollar with these government-guaranteed cryptocurrencies?
Although Trump’s allies have denied this, uncertainty breeds rumors—and that's exactly what’s happening.
Among the public, a new name has begun to circulate: Liberty Crypto Coin.
People are wondering:
Is Trump planning to make Liberty Coin the national currency, replacing the U.S. Dollar?
In such an uncertain environment, one must not ignore that governments often float such ideas as rumors to gauge public reaction before making bold political or economic decisions.
So the Liberty Coin rumor might not be accidental—it might be strategically planted.
If this speculation proves true, the consequences could be global.
Given the central role of the U.S. Dollar in the world economy, any serious decline in its dominance would negatively impact other economies worldwide.
But amid all this uncertainty, one thing is clear:
If President Donald Trump truly becomes determined to end the U.S. Dollar,
then BRICS nations under Modi’s leadership won’t have to try very hard to achieve their goal of dollar de-dollarization.