this post was submitted on 14 Jun 2026
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They're a bullshit currency the pedo-nazi regime is printing up, and worth exactly the same amount as Schrute Bucks.
Well stable coins are worth 1:1 of that the currency they're pegged to is.
If people are willing to trade real money for it, then it has worth. That's literally how all money works, it's all fake.
However, since this is Trump, we can be pretty sure that this "stable coin" isn't actually backed by real money (other stable coins like USDC go through an extensive audit process to ensure the assets are backed by fiat currency), so who knows what kind of sketchy shit will happen when they all try to cash it in at once.
If they can even sell it. One of the other Trump coin pump and dump schemes involved blocking selling by anyone except a couple select people. So even if someone knew it was a pump and dump, and wanted to try to time it right to make some money, they couldn't even do that because they couldn't sell the coins.
Crypto is a ponzi scheme. And gambling.
Well, in general, yes.
But these multiple different Trump-coins ... they're just fraud and grift. They serve as psuedo-legal ways for rich people to buy political influence, and they serve as ways to extract more money from their idiot followers.
Other forms of crypto -- forms that are actually trying to grow and be traded -- are indeed ponzi schemes and gambling. But Trumpcoins don't even rise to that level.