Brian Armstrong, CEO of Coinbase, emphasized the company’s focus on enhancing functionality in the cryptocurrency space through payments. He stated that strategies are being implemented to extend the use of crypto assets beyond trading, aiming for their integration into everyday financial transactions.
Rapid Growth in Stablecoin Payments
Armstrong highlighted that stablecoin payments reached a staggering volume of 30 trillion dollars last year. This figure marks a threefold increase compared to the previous year, with stablecoin payments specifically growing by 200%.
Brian Armstrong: “Crypto is not just an asset class for trading, but offers significant use cases in daily life.”
Strengthening USDC ($1.00) and Future Vision
The company is working to bolster the position of Circle’s USDC by expanding payment support within its product portfolio. Coinbase aims to enhance USDC’s market capitalization and applicability through these initiatives.
Brian Armstrong: “Due to its strong network effects and compliant approach, USDC will have a defensible structure in the long run.”
With a market cap of 56.37 b…
