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Event ends: August 9, 16:00 UTC
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Trump: Stablecoins enable consumers to conduct ultra-low-cost transactions
[Trump: Stablecoins Enable Consumers to Make Ultra-Low-Cost Transactions] U.S. President Trump stated that consumers worldwide will be able to use stablecoins for low-cost transactions, adding that transfers are often costly and time-consuming. Trump remarked that consumers and merchants will be able to conduct "ultra-low-cost transactions with stablecoins, with settlements taking only a few seconds instead of weeks or months."