Coinbases CEO, Brian Armstrong, Sets Sights on Flatcoins as the Future Evolvement of Stablecoins

Coinbases CEO, Brian Armstrong, Sets Sights on Flatcoins as the Future Evolvement of Stablecoins


Coinbase CEO Brian Armstrong Discusses “Flatcoins” and Future Ventures

In an interview, Coinbase CEO Brian Armstrong referred to “flatcoins” 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 digital currencies and stablecoins.

READ NOW
Litecoin’s Price Stagnates at $65, Anticipating Further Decline

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 Coinbase’s deal investments could be directed towards these ideas mentioned in his post, including on-chain reputation, ads, financial 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 “flatcoins” as a new 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. Armstrong’s interest in this concept reflects Coinbase’s commitment to exploring innovative cryptocurrency ideas and investing in promising ventures. As Coinbase continues  to expand its offerings and support new projects, it intends to drive the adoption and advancement of the digital currency industry.

READ NOW
Bloomberg ETF Analyst Anticipates Launch of Numerous Ethereum Futures Exchange-Traded Funds on Monday
Author – Contributor at | Website

Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.

READ NOW
GMX Incurs Significant Financial Penalty Due to This Vulnerability
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend