Summary
- Brian Armstrong, CEO of Coinbase, stated that stablecoins can play a key role in bringing in virtual asset users.
- He explained that there are immediate benefits such as reducing fees and improving payment speed through stablecoins.
- CEO Armstrong noted that expanding the use of stablecoins for corporate payments could create a natural usage structure throughout the entire business ecosystem.
There has been a claim that stablecoins can play a crucial role in attracting users to virtual assets (cryptocurrencies).
On the 18th (local time), Brian Armstrong, CEO of Coinbase, stated on X (formerly Twitter) that "stablecoins are a 'viral loop' for bringing in virtual asset users." A viral loop refers to a structure where the use of a certain product continues to spread as users bring in new users.
He went on to say, "Companies will be able to experience immediate benefits such as reduced fees and faster payments through stablecoins," adding, "By using stablecoins for supplier payments, a natural usage structure for the entire business ecosystem may eventually be formed."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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