Former US President Donald Trump reiterated his support for stablecoin legislation, stating that it will help expand the dollar’s dominance globally. During a recent video presentation at the Blockworks crypto conference in New York, Trump emphasized the need for simple and common-sense rules to govern the market structure of stablecoins.
According to Trump, landmark legislation is necessary to create a clear framework for these digital assets, which are essentially cryptocurrency-backed fiat currencies designed to reduce volatility. By passing such laws, Trump believes the US dollar’s position as a global reserve currency will be strengthened, benefiting from increased adoption and stability in the market.
Source: https://www.bloomberg.com/news/articles/2025-03-20/trump-reiterates-support-for-crypto-stablecoin-legislation