Top US crypto exchange Coinbase is making the case that it’s time for the nascent industry to take over the existing traditional financial system.
In a new Twitter thread, Coinbase notes that if all the crypto users in the world were their own country, it would be the third largest nation on earth.
Coinbase names several growing use cases, including inflation hedging in developing countries, crypto remittances, and efficient provision of humanitarian aid.
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“Crypto can provide stability. Venezuela went hyperinflationary. Egypt and Lebanon recently devalued their currencies. Stablecoins like USDC, which is held by 1.6 million people and is pegged to the US dollar, are less inflationary options.”
Coinbase also says that the US should do what it can to place itself at the forefront
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