El Salvadoran President Nayib Bukele: Communist Palestinian Converted to an Evangelical Zionist Christian | Health Impact News

The President of El Salvador, Nayib Bukele, is a Palestinian and former member of the Communist Party in #ElSalvador, but is now an #EvangelicalZionistChristian with strong ties to #Israel.

In 2021, El Salvador became the first country in the world to adopt #Bitcoin as "legal tender."

Before #Trump took office, there was a lot of chatter about developing a federal "Bitcoin reserve" in the United States.

However, the emphasis is now on stablecoins, with the Trump family recently starting their own #stablecoin #cryptocurrency network.

The largest current stablecoin in the world, however, is #Tether, which is operated by Trump's Commerce Secretary Howard Lutnik's firm, which just recently moved its headquarters to, get ready for it: El Salvador.

Via @healthimpact

Major US Banks Want to Create Joint #Stablecoin

While major US banks are exploring stablecoin initiatives of their own, crypto-native firms like Circle, BitGo, Coinbase, and Paxos are pursuing bank-like status.— Article