Cross-border payments don't need to be inefficient or unnecessarily complex.
For businesses sending money around the world, stablecoins offer the path of least resistance.
JUST IN: 🇺🇸 CFTC Chair Mike Selig says "for too long, crypto markets have operated under uncertainty."
"We're not regulating by enforcement and opaque rules."
We're excited about the US CLARITY Act.
We think all YC companies will use crypto technology, like stablecoins, before long. Not just crypto startups, not just fintech startups, but every company.
Here's why this law is such a big deal 🧵
https://t.co/39hENfAIZk
A few stablecoin numbers from the last year at Coinbase:
• ~$1T in stablecoin movement processed annually
• ~$20B in USDC on platform
• 160M+ agentic payments via x402
JUST IN: STRATEGY CEO JUST TOLD CNBC THE SPACEX IPO WILL TRIGGER A $500 BILLION CAPITAL ROTATION INTO #BITCOIN
"PEOPLE WHO MADE MONEY IN CRYPTO WILL BUY SPACEX, THEN BUY CRYPTO CHEAP"
LET'S GO 🚀
Base is 𝘵𝘩𝘦 chain for payments
Here’s why:
- Deep liquidity across 25+ stablecoins
- Sub-second and sub-cent settlement
- 90% of agentic transaction volume
- Handling $4T in monthly stablecoin volume
- Fully integrated into Coinbase Payments
If you need even more proof ↓
Something that got missed in the noise last week: Coinbase got approved to offer true global crypto perps in the US. This took many years of work, and we're the first to offer this global liquidity to US users.
Backstory: For many years crypto trading has been moving offshore because the US didn't have clear rules, and perpetual futures were a superior product that traders wanted but it wasn't allowed in the US.
If we're being honest, probably ~half of all perpetual futures volume was Americans using offshore products via VPN with loose KYC controls (an open secret in the industry). Penalties for this were rarely, if ever, enforced, which as you can imagine, was frustrating for us as an American company following the rules. Others set up offshore entities and found ways around it.
After dozens of personal visits to DC, and many more from our policy team, I'm really proud we finally got approval to give US users access to true, global perpetual futures. This is important because we'll now see pooled global liquidity in perpetual futures, with the US and international markets being connected instead of fragmented.
Coinbase is strongest in the US, and the US is the largest market for trading, so there is now a chance to build a global network effect around liquidity. And US traders can now use these products in a compliant way with a US company, which hopefully provides greater customer protection.
Major credit to Chair Selig and Atkins on recognizing the importance of this for US capital markets. And we will keep working to update the system in a compliant way, and to be the best place you can trade.
🔥CYNTHIA LUMMIS CALLS FOR THE CLARITY ACT TO PASS
Lummis says giving crypto “commonsense rules” is not a Republican or Democrat issue, but rather about American competitiveness.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H