Eric Trump says the family business is exploring using USD1 and other stablecoins to pay tens of thousands of employees
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Eric Trump says the family business is exploring using stablecoins to pay tens of thousands of employees worldwide.
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[Eric Trump: Stablecoins are becoming a global payroll method; the family business is exploring paying tens of thousands of employees in stablecoins]
On-site report: At the Singapore Token2049 conference, World Liberty Financial co-founder Eric Trump said that the era of paying salaries with stablecoins has arrived. He disclosed that his family business, as a “super employer,” has tens of thousands of employees across hotel assets worldwide and is “without question exploring” paying wages in stablecoins. He noted that athletes demanding to be paid in Bitcoin under their contracts has set a precedent, and that appreciation in the underlying asset often far exceeds the contract amount; for ordinary employees, check clearing takes 24–36 hours, while people want money to be “in their accounts immediately.” Eric Trump particularly emphasized the significance for high-inflation countries: in economies where currencies depreciate 60%–80%, workers can receive their wages and immediately exchange them for USD1 to achieve USD denomination. Stablecoins thereby become workers’ “gateway to the entire modern world”—faster, cheaper, and more transparent.
Key points
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Eric Trump in Singapore Token2049 said at the conference that the era of paying wages with stablecoins has arrived.
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He said that his family business has tens of thousands of employees across hotel assets worldwide and is exploring paying wages in stablecoins.
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He noted that check clearing for ordinary employees takes 24–36 hours, while stablecoins can reach accounts more quickly.
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He said that workers in high-inflation countries can immediately exchange their wages for USD1, achieving USD denomination.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a concept concerning corporate payroll methods: employees may receive stablecoins and then exchange them for USD-denominated assets. The original text indicates that it remains at the research stage and has not yet been implemented.
Why it matters to readers
If this research advances to implementation, it may increase attention to stablecoins in payroll and cross-border payment use cases; however, the original text does not specify any pilot program, token selection, or implementation timeline.
Stablecoins generally refer to crypto assets designed to maintain a relatively stable value. Using them to pay wages may reduce waiting times, but still involves issues such as conversion, compliance, and price stability.
Risks and unknowns
The family business has not yet committed to actually adopting stablecoin payroll payments.
The original text does not specify which businesses, employees, or countries would be covered.
The original text does not confirm whether the stablecoin actually used would be USD1。
The source does not provide an official speech record or independent media cross-verification.
Payroll compliance, taxation, conversion liquidity, and employee acceptance remain unclear.
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Related concepts
Stablecoin
An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.