CandleFocus Coinbase CEO urges X to embrace USDC for payment integration
2024-12-31
Author: Content Editor
Coinbase CEO Brian Armstrong has expressed interest in incorporating Circle's USDC stablecoin for payments on X, formerly known as Twitter. Armstrong believes that USDC payments would be a valuable addition to the platform and has urged the X team to explore implementing this feature. This aligns with X's goal of introducing a payment system and evolving into an "everything app." X has been working on securing money transmitter licenses in the US, with its subsidiary, X Payments, now licensed in 33 states. The integration of USDC via Coinbase-backed Base could be a strategic move for both X and the stablecoin. USDC is the second-largest stablecoin globally and has seen significant growth in both its total supply and its presence on Ethereum Layer 2 networks. Base, an Ethereum Layer 2 network, has experienced exponential growth in USDC usage and is the fastest-growing Ethereum layer-2 solution.
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