Coinbase CEO Brian Armstrong Makes a Strong Case for Global Crypto Adoption. Here's What That Could Mean For Your Crypto Portfolio.
Written by Leo Sun for The Motley Fool -> Stablecoins give everyone access to a low-inflation currency. DeFi applications are pulling unbanked individuals away from conventional banks. Tokenized sโฆ
Stablecoins give everyone access to a low-inflation currency.
DeFi applications are pulling unbanked individuals away from conventional banks.
Tokenized stocks are expanding the total addressable market for U.S. equities.
Coinbase (NASDAQ: COIN) CEO Brian Armstrong recently claimed crypto "doesn't get enough credit for the financial access it's already unlocked for the world" in a post on X. Armstrong noted that stablecoins allowed "anyone, anywhere" to access a low-inflation currency and send it "24/7 for a fraction of a cent", that decentralized finance (DeFi) applications gave "anyone access to credit" and unbanked individuals access to financial services, and that tokenized stocks would expose four billion "unbrokered people" to the U.S. stock market.
Armstrong's bullish take isn't surprising, since Coinbase is one of the world's largest cryptocurrency exchanges . If you agree with Armstrong's perspective, then it might be a good time to review how those catalysts could boost your crypto portfolio's long-term returns.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue ยป
The market's largest stablecoins, Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) , are pegged to the U.S. dollar. Tether is more widely used overseas, while USD Coin -- which is only minted by Circle (NYSE: CRCL) -- is the leading stablecoin in the U.S. market.
Stablecoins can be deposited into third-party lending markets, automated market makers, and liquidity pools to earn higher yields than traditional dollar-based savings accounts. However, some of those platforms are much riskier than FDIC-backed banking accounts.
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