Brian Armstrong, CEO Coinbase, believes that traditional banks that call Stablecoins “not necessarily Best” Path – USDC as a Coinbase Global (Nasdaq: Coin)

Coinbase Global Inc. currency CEO Brian ArmstrongOn Thursday, she touched on the wisdom of the traditional banks that call their Stablecoins in light of their invasion in the encrypted currency industry.

What happenedDuring the first quarter profit call, Armstrong was asked about the increasing interest of traditional banks in the cryptocurrency industry after organizational relaxation.

The Supreme Executive Director acknowledged the increasing momentum, saying that Coinbase had false talks and partnerships with some players.

Armstrong specifically mentioned some of the institutions that want to develop its own dollar Stablecoins, an idea that differs from it.

“Our point of view is that this is not necessarily the best path because we believe that Stablecoins have effects on the network. You want the ability to operate with other financial institutions to be able to settle payments and do all kinds of things.”

I suggest that banks should think about partnership with current Stablecoins US dollar currency USDC/USD.

Note that Coinbase has a share in the stocks in circleThe USDC exported company. In fact, USDC was launched by centerConsortium forms through a joint project between the circle and Coinbase.

See also: Bitcoin breaks $ 100,000, ETHEREUM, XRP, Dogecoin Roar 10 % higher

Why do it matter: The barriers that prevent tradfi from entering the area were reduced, as the directives prevent them from canceling the encrypted currencies after the president Donald Trump He took over.

This development follows the profit report in the first quarter of Coinbase, where the company missed revenues and EPS expectations.

Before the profits, Coinbase announced that I get DefibitExchanging encryption options, for about $ 2.9 billion, which represents the company’s largest batch in the global coding market.

PriceCoinbase shares decreased by 2.67 % in trading after working hours after closing them by 5.06 % at $ 206.50 during the regular trading session on Tuesday, according to it. Data from Benzinga Pro.

As of the writing of these lines, the high arrow occupied growth, a measure of the common historical expansion of the share in profits and revenues over multiple periods. To check how other shares related to currency currency are stacked against currency, you prefer to visit Benzinga Edge shares.