Brian Armstrong, the chief executive officer of Coinbase, posted on X that stablecoins give everyone the ability to hold dollars and many other major fiat currencies, and to send them instantly anywhere in the world for less than one cent. Armstrong is a prominent figure in the crypto industry, having led Coinbase through its public listing and expansion into a global crypto brokerage.

“Stablecoins give everyone in the world the ability to hold dollars (and many other major fiat currencies), and send them instantly anywhere in the world for less than 1 cent.”

— Brian Armstrong (@brian_armstrong) on X · X ↗

Context

The statement highlights two key advantages of stablecoins: accessibility and low‑cost, near‑instant settlement. By pegging to fiat, stablecoins provide a digital representation of dollars that can be transferred on blockchain networks without the fees and delays of traditional banking. This matters because it lowers barriers for cross‑border payments, especially for users in underbanked regions.

Armstrong's comment also reinforces Coinbase’s strategic focus on stablecoin offerings such as USDC, which the exchange issues and supports. The claim underscores why many institutions view stablecoins as a bridge between traditional finance and crypto, potentially reshaping remittance and commerce.

Brian Armstrong is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.