Trump: Stablecoins enable consumers to conduct ultra-low cost transactions

According to a report by Golden Finance, US President Trump stated that global consumers will be able to use stablecoins for low-cost transactions, and added that transfers are usually expensive and time-consuming. Trump stated that consumers and merchants will be able to use stablecoins for "ultra-low cost transactions, where the clearing and settlement of these transactions will only take a few seconds, rather than weeks or months.