#Coinbase Enhances Support for Solana#
Hot Topic Overview
Overview
Coinbase CEO Brian Armstrong has recently expressed support for Solana on multiple occasions, stating that the company will increase its support for the network, including expanding infrastructure and providing native support for common use cases such as DEX and memecoin trading. Coinbase aims to elevate its Solana support to the same "Tier 1" level as Bitcoin, Ethereum, and Base. Simultaneously, Armstrong expressed his bullish sentiment towards Bitcoin, arguing that it can effectively counterbalance deficit spending and inflation, and predicting that its price will reach millions of dollars. Furthermore, Armstrong addressed stablecoin regulation, suggesting that upcoming US stablecoin regulations may require issuers to fully back their dollar-denominated tokens with US Treasuries. He stated that Coinbase will delist USDT if Tether fails to comply with any new US laws.
Ace Hot Topic Analysis
Analysis
Coinbase CEO Brian Armstrong recently made a series of remarks at the World Economic Forum in Davos, signaling that Coinbase's support for Solana will further strengthen. He stated that Coinbase will provide "first-class support" for Solana, placing it on par with important blockchains like Bitcoin, Ethereum, and Base, and providing native support for common use cases such as DEX and memecoin trading. Additionally, Armstrong emphasized the importance of Bitcoin as an inflation hedge and said that the US government holding Bitcoin as a strategic reserve would be a positive signal and could encourage other countries to follow suit.Meanwhile, Coinbase is also actively addressing recent Solana network congestion issues. The company said it is taking steps to resolve the issues and ensure user funds are safe. Furthermore, Coinbase plans to delist USDT if required by new US legislation and said future stablecoin regulation may require issuers to be fully backed by US Treasuries. Overall, Coinbase is actively adjusting its strategy to adapt to the evolving cryptocurrency market environment and provide users with a safer and more convenient trading experience.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase will enhance its support for Solana, including expanding infrastructure and providing native support for common use cases such as DEX and memecoin trading.
Coinbase believes that Bitcoin can serve as a good counterbalance to deficit spending and inflation, providing a safe haven for people.
Coinbase believes that future stablecoin regulation may require full backing by US treasuries and regular audits.
Coinbase believes that the US will clarify cryptocurrency regulation and may hold Bitcoin as a strategic reserve, which will drive Bitcoin prices to millions of dollars.