Core Insights - Coinbase aims to integrate every global currency onto its layer-2 blockchain, Base, by the end of next year, promoting the issuance of stablecoins in various countries [1][3] - The stablecoin market has seen significant growth, with a 45% increase in market value in 2025 and over 73% year-over-year growth [2] - Currently, $298 billion of the $299 billion in stablecoins are pegged to the US dollar, indicating a substantial opportunity for other currencies to enter the crypto economy [3] Group 1: Coinbase's Strategy - Coinbase's Base blockchain currently hosts over $5.3 billion in crypto across more than 700 applications, positioning it as one of the largest blockchains [1] - The organization is encouraging businesses, including banks and fintech companies, to consider issuing stablecoins pegged to local currencies [2] - The goal is to facilitate easier on-chain transactions for users by allowing payments and loans in familiar local currencies, enhancing user experience [4] Group 2: Market Opportunities - By integrating local currencies into a global economy on Base, Coinbase aims to reduce cross-border financial barriers, making capital access and remittances easier for countries [5] - The adoption of alternative stablecoins is framed as a means to enhance local sovereignty and support economic growth in various countries [5] - The ambitious goal of integrating multiple currencies is expected to accelerate the global transition to on-chain financial systems [6]
3 reasons Base network is turning to local currencies for next growth push