Brian Armstrong highlights stablecoin efficiency for global payments

Coinbase CEO Brian Armstrong stated that stablecoins allow individuals to hold major fiat currencies, such as the US dollar, and transfer them globally and instantly for less than one cent.

While Armstrong emphasized the efficiency of these transfers, critics have raised concerns regarding the privacy of public transactions and the ability of centralized issuers to freeze funds. For example, the terms of Circle’s USDC and Tether’s sanctions policies outline specific circumstances under which transfers can be blocked.

Coinbase’s Base network provides infrastructure designed to support continuous stablecoin settlement, facilitating uses such as international payroll, remittances, and merchant payments without the constraints of traditional banking hours.