Coinbase Chief Executive Officer Brian Armstrong said in a post on X that cryptocurrency has already made a measurable contribution to global financial access. He pointed to several areas he believes show that progress. In his view, stablecoins have brought the U.S. dollar on-chain, allowing people anywhere to hold a low-inflation currency and transfer funds around the clock for less than $0.01. He also said decentralized finance, or DeFi, gives anyone access to credit services. Armstrong added that tokenized stocks could open a path to investing in the U.S. stock market for 4 billion people who cannot invest through brokerages, while Bitcoin offers a store of value that is not diluted by inflation. He said there is still more work to do across these areas, but argued that the progress already made should not be overlooked.
Coinbase CEO Brian Armstrong said in a post on X that cryptocurrency has already contributed to global access to financial services.
He said stablecoins have brought the U.S. dollar on-chain, allowing anyone, anywhere to hold a low-inflation currency and send transfers 24/7 at a cost of less than $0.01. He also said DeFi gives anyone access to credit services. Armstrong added that tokenized stocks could give 4 billion people who are unable to invest through brokerages a way to access the U.S. stock market, while Bitcoin provides a store of value that is not diluted by inflation.
Armstrong said there is still more work to be done in these areas, but that the progress already achieved should not be ignored.
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