Coinbase CEO Brian Armstrong stated in an interview with the All-In Podcast that stablecoins are the safest assets, provided the U.S. government remains stable. Armstrong highlighted that major global banks now view cryptocurrency as a critical priority for their survival, with approximately 500 million crypto users worldwide. He emphasized that the 'Genius' Act mandates U.S.-regulated stablecoins to hold 100% of their reserves in short-term U.S. Treasury bonds, making them extremely secure. Armstrong also noted that cryptocurrencies represent a new form of money market, not a threat to the lending market. The podcast host, Besties, remarked that banks are concerned about their franchises facing technologically advanced disruptive competitors.
Coinbase CEO Armstrong: Stablecoins Are Safest Assets Unless U.S. Collapses
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