Coinbase CEO Brian Armstrong is calling the recent passage of a stablecoin bill a game-changer for the US financial system. He believes it heralds a new era of faster, cheaper, and more global payments.
A Faster, Cheaper, Global Payment System
President Trump recently signed the GENIUS Act into law. This law creates a regulatory framework for stablecoins—cryptocurrencies pegged to the US dollar—requiring them to be fully backed by assets like cash or short-term US Treasuries. Armstrong sees this as a major step forward. In a CNBC interview, he stated that the law allows crypto to modernize outdated payment systems. He envisions a future where payments are processed in under a second, for a fraction of a cent, anywhere in the world.
Big Business Jumps Onboard
Armstrong predicts that major corporations will soon adopt stablecoin payments to cut costs. He points to early adoption by companies like Shopify, with rumors of Walmart and Amazon also exploring the technology. He believes nearly every Fortune 500 company is now investigating stablecoin payments, creating a massive expansion of the market for Coinbase and similar companies. Coinbase aims to provide the wallets and payment APIs to support this widespread adoption.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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