Coinbase CEO Brian Armstrong says that the digital assets -exchange is moving as quickly as possible to support one crypto -USE case that is often overshadowed by trade.
In a profit call, Armstrong says that the payment category is one of the largest sectors to stimulate massive adoption in crypto.
In particular, the Coinbase CEO looks at Stablecoin payments, a crypto sector that he notes has grown by 200% in terms of volume in just one year.
“We think that crypto is much, much more than just an activa class that people want to exchange. There will be daily use cases for everyone in the world while Crypto updates the global financial system. And one of those large categories is payments. We are already on a scale, I would say about stablecoin payments.
Last year there was $ 30 trillion Crypto Stablecoin volume. That had risen 3 times on an annual basis. And so we are in a hurry to integrate crypto payments throughout our Suite of products.
We think that this will be a large company over time. ”
Armstrong says that Coinbase Bullish is on Stablecoins and goes to the USDC of Circle to make it the number one dollar-pegetcrypto assets.
“We think that USDC has a network effect behind it and the conforming approach they have followed is, I think, will be really defensible in the long term. So we will speed up the growth of the market capitalization of USDC with more partnerships and lean in new use cases such as adding payment support in our product suite. “
USDC is the second largest stablecoin in market capitalization with a rating of $ 56.37 billion. Tether’s USDT is at the top with a market capitalization of $ 142 billion.
Regarding the broader Crypto market, Armstrong believes that 2025 will be a great year for digital assets, because governments all over the world ease their attitude to the activa class.
“The legal overhang lifts up. Governments lean inside and we are the next chapter of Crypto from trade to payments to consumer apps and beyond. 2025 will be a very good year. ”
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Featured image: Shutterstock/Salamahin/Susanitah