Trump Urged to Offer $2,000 Stimulus in Stablecoins, Firm Says It Could Ignite Bull Run
The post Trump Urged to Offer $2,000 Stimulus in Stablecoins, Firm Says It Could Ignite Bull Run appeared com. U. S. President Donald Trump has been advised to issue his proposed $2,000 stimulus in stablecoins instead of traditional cash payments. A crypto firm said the move could start a bull run across digital assets. Calls Grow for Trump’s $2,000 Stimulus to Be Issued in Stablecoins Recently, Trump announced that his administration intends to send a minimum of $2,000 per adult. Tariffs charged on foreign imports fund this. The president referred to the move as “a kind of dividend” for American taxpayers. He further added that this would exclude high-income earners. Crypto firm BowTiedBull said the “smartest thing Trump could do” would be to distribute the $2,000 stimulus using stablecoin payments. That, he said, could send the digital asset industry “into the stratosphere.” The smartest thing Trump could do is offer the $2,000 stimmy idea in stable coins. Not sure they actually care about crypto but it would send the industry into the stratosphere BowTiedBull came after Democratic victories in local and state elections. During the pandemic, the Trump administration approved two rounds of stimulus checks amounting to more than $814 billion in relief. According to IRS data, there were 476 million payments for individuals earning up to $75,000 and couples earning up to $150,000. Those measures helped stabilize an economy in downturn. This also coincided with Bitcoin’s surge from $10,000 to over $30,000 by the end.