Coinbase CEO Brian Armstrong has publicly expressed help for including Circle’s USD Coin (USDC) funds on X, previously Twitter.
Armstrong urged the X workforce to discover how USDC might be built-in into the social media platform’s cost options.
This suggestion builds on an identical proposal from Travis Bloom, Coinbase’s Lead Engineer, who beforehand requested Elon Musk about facilitating USDC transfers by way of Base, Coinbase’s layer-2 community on Ethereum.
Such an addition would match X’s broader ambition of introducing an all-encompassing cost system, an idea hinted at earlier this yr when the platform revealed plans for a peer-to-peer service akin to PayPal. Although particulars stay scarce, X has made headway by acquiring cash transmitter licenses in 33 U.S. states.
For USDC—a stablecoin with a rising circulation—integration into X by way of Base might increase adoption. The coin ranks second behind Tether’s USDT and prides itself on compliance requirements. In 2024 alone, its whole provide soared from $24.2 billion to over $43 billion, with particularly robust positive aspects on Ethereum layer-2 networks.
Base itself noticed USDC utilization skyrocket by 26 occasions, turning into a number one L2 answer by way of community exercise. If X embraces USDC on Base, it could solidify each the platform’s cost ambitions and USDC’s place as a key participant within the stablecoin market.
