Coinbase CEO Brian Armstrong stated that possible crypto regulations could bring a rapid rise for USDC.
Another issue in the cryptocurrency market was stablecoins. In particular, the crash of the Terra ecosystem product UST stablecoin sparked intense backlash. Among the challenging times that the crypto industry has been through, another element of fear has been the possibility of stablecoins collapsing. Therefore, a competition has started between the industry’s leading stablecoins BUSD, USDT, USDC. Three major projects are working hard to gain the trust of investors and prove that they are solid. Recently, Coinbase CEO Brian Armstrong called on users to convert their USDT to USDC. Finally, Armstrong also touched on a possible crypto regulation.
Coinbase CEO Thinks Regulations Will Be Positive for USDC
Coinbase CEO Brian Armstrong continues his incentives for USDC backed by his exchange. The CEO stated that USDC could become the digital currency of the USA. Also, the CEO thinks that USDC may experience a rapid rise after the adjustments.
The Coinbase boss addressed the plight of stablecoins if regulations in the crypto industry become clear. Armstrong hinted that USDC would be the granddaddy among stablecoins that have become clear on oversight and regulation.
Also, Armstrong touched on his call to convert USDTs to USDC the other day. The CEO argued that this call is not a move against USDT.
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