Coinbase CEO Urges X to Integrate USDC Payments

Coinbase CEO Brian Armstrong has publicly expressed support for adding Circle’s USD Coin (USDC) payments on X, formerly Twitter.

Armstrong urged the X team to explore how USDC could be integrated into the social media platform’s payment features.

This suggestion builds on a similar proposal from Travis Bloom, Coinbase’s Lead Engineer, who previously asked Elon Musk about facilitating USDC transfers via Base, Coinbase’s layer-2 network on Ethereum.

Such an addition would fit X’s broader ambition of introducing an all-encompassing payment system, a concept hinted at earlier this year when the platform revealed plans for a peer-to-peer service akin to PayPal. Though details remain scarce, X has made headway by obtaining money transmitter licenses in 33 U.S. states.

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For USDC—a stablecoin with a growing circulation—integration into X via Base could boost adoption. The coin ranks second behind Tether’s USDT and prides itself on compliance standards. In 2024 alone, its total supply soared from $24.2 billion to over $43 billion, with especially strong gains on Ethereum layer-2 networks.

Base itself saw USDC usage skyrocket by 26 times, becoming a leading L2 solution in terms of network activity. If X embraces USDC on Base, it may solidify both the platform’s payment ambitions and USDC’s position as a key player in the stablecoin market.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.