# Armstrong Says Stablecoin Transfers Worldwide Cost Less Than 1 Cent

By Sonny Jang

Canonical URL: https://www.tokenpost.com/news/people/51443
Published: 2026-11-08T07:33:12.000Z
Updated: 2026-11-08T07:33:12.000Z
Section: People

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

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.