Coinbase CEO urges X to embrace USDC for payment integration
Coinbase CEO Brian Armstrong expressed interest in integrating Circle’s USD Coin (USDC) for payments on X, formerly Twitter. He urged the X team to explore this feature, following a similar suggestion from Coinbase’s Lead Engineer. Implementing USDC payments aligns with X's goal to develop a comprehensive payment system. X plans to launch a peer-to-peer payment service akin to PayPal but has not yet detailed the currency to be used. X Payments has secured money transmitter licenses in 33 states. USDC, the second-largest stablecoin, saw its supply increase over 80% in 2024, growing from $24.2 billion to over $43 billion. Its usage on Ethereum Layer 2 networks surged, with Base achieving 26x growth and becoming the leading Ethereum Layer 2 network by activity, reporting 5.77 million weekly active addresses and $13.8 billion in total assets locked.
