Is $TRUMP coin legal? And, how do Stablecoins work? : Planet Money : NPR

An illustration picture taken in London on May 8, 2022, shows gold plated souvenir cryptocurrency Tether (USDT), Bitcoin and Etherium coins arranged beside a screen displaying a trading chart.

JUSTIN TALLIS/AFP via Getty Images

An illustration picture taken in London on May 8, 2022, shows gold plated souvenir cryptocurrency Tether (USDT), Bitcoin and Etherium coins arranged beside a screen displaying a trading chart.

JUSTIN TALLIS/AFP via Getty Images

Today on the show – our crypto president. Just before President Donald Trump began his second administration in January, he and his business partners launched the $TRUMP coin. It’s a memecoin that quickly raked in hundreds of millions of dollars. And there’s a lot of earning potential still left on the table. Is that even legal?

We bring you two stories from our daily show, The Indicator about…

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