There is so much to unpack here…

Trump says we will now have Dollar-backed stablecoins, which are cryptocurrencies pegged to the value of the U.S. dollar, typically at a 1:1 ratio, to maintain price stability. They are backed by reserves of U.S. dollars or dollar-equivalent assets (like Treasury bonds) held by the issuer.

Stablecoins will replace SWIFT, and now be used by Consumers, vendors, businesses, and banks all over the world for lightening fast, ultra-low transactions.

The Genius act provides banks, businesses, and financial institutions a framework to issue crypto assets back 1:1 with real US Dollars, treasury bills, and other cash equivalents.

He says BRICS wanted to take over the dollar, but is now dead!

Dollar decentralization refers to the process of reducing reliance on the U.S. dollar as the dominant global currency for trade, reserves, and financial transactions. It involves diversifying away from the dollar toward other currencies, cryptocurrencies, or alternative financial systems to mitigate risks associated with U.S. monetary policy, sanctions, or economic instability.

This will establish the US dollar as the world’s reserve currency for generations to come.