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Armstrong Says Stablecoin Transfers Worldwide Cost Less Than 1 Cent

The Coinbase CEO also said stablecoins let people hold U.S. dollars and many other major fiat currencies.

By Sonny Jang
Published
Two phones face each other as hands complete a digital payment / TokenPost.ai
Two phones face each other as hands complete a digital payment / TokenPost.ai

Coinbase CEO Brian Armstrong described stablecoins as a cross-border payment option in a Nov. 6 statement, saying they can move money instantly around the world.

Armstrong said people can use them to hold U.S. dollars and many other major fiat currencies, with transfers costing less than 1 cent.

Stablecoins are crypto assets designed to maintain a stable value.

Sonny Jang

Reporter

Sonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.

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