Coinbase’s CEO, Coinbase, says Crypto Stablecoins has destroyed $ 30,000,000,000 in size during 2024.
Brian Armstrong, CEO of Coinbase, says that the exchange of digital assets is moving as soon as possible to support the use of one encryption that is often overwhelmed by trading.
In a profit call, Armstrong says the payment category is one of the largest sectors that lead the collective dependence on encryption.
Specifically, Coinbase CEO is looking at Stablecoin payments, which is an encryption sector Notes It grew 200 % in size in just one year.
“We believe that Crypto is much more than just separating assets people want to trade. There will be daily use of all in the world where encryption modernizes the global financial system. One of these large groups is payments. We are already widely, I say, on payments Stablecoin.
There were $ 30 trillion of Stablecoin’s encryption last year. It was 3x on an annual basis. Therefore, we are moving in a hurry to integrate encryption payments through our entire wing From products.
We believe this will be a big job over time. ”
Armstrong says Coinbase is optimistic about Stablecoins and moves to USDC support from Circle to make it the corporate coded assets in dollars.
“We believe that USDC has an effect on the network behind it and the compatible approach they followed is, I think, it will be in the long run to be defended. So we will accelerate the growth of the maximum USDC market with more partnerships and till to new cases such as adding payment support via Our products.
USDC is the second largest Stablecoin in the maximum market, with a rate of $ 56.37 billion. UTETAR USDT takes on top with a maximum market of $ 142 billion.
As for the broader encryption market, Armstrong believes that 2025 will be a great year for digital assets as governments all over the world reduce their position on the assets category.
“Organizational crossing is lifting. Governments tend, and we form the next chapter from Crypto from trading to payments to consumer applications and beyond. 2025 will be a very good year.”
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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