"Trump Chooses 'Stablecoin' to Strengthen US Treasury Stability" [Road Interview in Dubai]

Vincent Chok First Digital Founder Road Interview

Stablecoin to Grow to $3 Trillion in 5 Years

Concerns About Weakening Monetary Sovereignty Can Be Fully Addressed

Vincent Chok, founder of First Digital, the issuer of the US dollar stablecoin FDUSD based in Hong Kong, was met at TOKEN 2049 Dubai held at Madinat Jumeirah.

Vincent Chok, founder of First Digital, viewed the recent promotion of stablecoins by President Trump as a strategic choice for stabilizing US Treasuries. He said, "The US-China trade tensions and China's sale of US Treasuries are affecting Treasury yields and global liquidity. Trump's stablecoin support policy (STABLE Act) seems to be a strategic move to strengthen the stability of US Treasuries amid macroeconomic uncertainties."

In line with Trump's actions, First Digital's FDUSD plans to continue its expansion. He emphasized, "FDUSD has become an important infrastructure that enables borderless finance and connects traditional and digital finance. It will continue to support global fund movement while maintaining transparency and reliability."

Regarding the recent de-pegging incident caused by Justin Sun's criticism, he took a firm stance. Vincent Chok, the founder, stated, "Justin Sun's criticism stemmed from a misunderstanding. FDUSD has always been fully collateralized with US Treasuries at a value of $1 per $1, and accurate information has been disclosed through monthly audit reports. First Digital is directly responding to Justin's false claims, focusing on restoring credibility and building long-term trust in the industry."

Vincent Chok believes that concerns about the weakening of monetary sovereignty due to the spread of stablecoins can be fully resolved.

The founder Chok explained, "US dollar-linked stablecoins can coexist with local currency-linked stablecoins. In high-inflation countries like Argentina and Zimbabwe, US dollar stablecoins can serve as neutral currency and hedging tools, while in countries with stable currency operations, they can introduce customized digital currencies that protect national monetary sovereignty and meet domestic regulations and needs."

He also predicted that the stablecoin market would grow to a scale of over $3 trillion in the future. He stated, "The stablecoin market size is expected to exceed $3 trillion within the next 5 years. It can facilitate cross-border payments at low cost and be used as a stable payment method in trade and investment activities. Stablecoins are the key to increasing global capital market liquidity."