Brian Armstrong

CEO at Coinbase

Co-founder & CEO at @Coinbase . Creating more economic freedom in the world. ENS: barmstrong.eth Co-founder @researchhub @newlimit

Brian Armstrong

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Phase 1: Crypto as an investment platform. We started with Bitcoin, listed more assets, and are now seeing the tokenization of real-world assets. Last year, RWA tokenization was up over 200x, with $20 billion now on-chain.

Phase 2: Updating financial services. Take back control of your money. We're not just putting a new UI on old rails. We're building a new financial system from the ground up: new rails, new money, and new services like Bitcoin-backed loans using DeFi and stablecoin payments.

While Bitcoin is a store of value, stablecoins are the medium of exchange. The stablecoin market cap is up 50%+ year-over-year, uncorrelated with crypto trading volume. This is crypto's next daily use case, and it's just the beginning.

At Coinbase, we're focused on driving crypto adoption and growing the total addressable market. We've always believed this would happen in three phases (below).

It's no coincidence Bitcoin prices are at all-time highs. People are turning to Bitcoin as a refuge from inflation and deficit spending. It will ultimately be a check and balance on this activity. If this continues, Bitcoin could become the next world reserve currency.

Great to see progress on powering regulated use cases with USDC on Coinbase. This is the first time we’ll see USDC used as collateral in US futures markets - and we will work closely with the CFTC to make this happen.

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