Coinbase CEO Brian Armstrong Discusses โFlatcoinsโ and Future Ventures
In an interview, Coinbase CEO Brian Armstrong referred to โflatcoinsโ as the next evolution of stablecoins. The term was invented by former Coinbase CTO Balaji Srinivasan, who proposed that instead of pegging their value to a specific fiat currency, flatcoins would be backed by an on-chain basket of goods. Armstrong expressed interest in this concept, describing it as a superior form of money in the cryptocurrency space compared to existing digitalย currencies and stablecoins.
Investing in New Cryptocurrency Ideas
Armstrong previously highlighted the idea of flatcoins in a post on X (formerly Twitter) where he shared the cryptocurrency ideas he was most excited about. In the interview, he stated that some of Coinbaseโs deal investments couldย be directed towards these ideas mentioned in his post, including on-chain reputation, ads, financialย resources formation, games, privacy for Layer 2 chains, and tokenizing real-world assets. Armstrong likewise mentioned the successful launch of Base and Coinbase Derivatives exchange as recent achievements for the company.
Hot Take
Coinbase CEO Brian Armstrong sees probable in โflatcoinsโ as a newย type of stablecoin that could revolutionize the cryptocurrency space. By pegging their value to an on-chain basket of goods instead of a specific fiat currency, flatcoins offer a more reliable and inflation-resistant alternative. Armstrongโs interest in this concept reflects Coinbaseโs commitment to exploring innovative cryptocurrency ideas and investing in promising ventures. As Coinbase continuesย to expand its offerings and support new projects, it intendsย to drive the adoption and advancement of the digitalย currency industry.
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