#Coinbase Enhances Support for Solana#

Coinbase CEO Brian Armstrong has recently expressed support for Solana on multiple occasions, stating that Coinbase will be strengthening its support for Solana, including expanding infrastructure and providing native support for common use cases such as DEX and memecoin trading. Coinbase aims to elevate Solana support to the same "tier one" level as Bitcoin, Ethereum, and Base. Previously, Coinbase experienced transaction delays due to a surge in activity on the Solana network and said it was working to resolve the issue, assuring users that their funds were safe. Additionally, Armstrong expressed bullishness on Bitcoin, believing it can serve as a good hedge against deficit spending and inflation, and expecting Bitcoin's price to reach millions of dollars. He also stated that finance ministers from multiple countries are paying attention to Bitcoin, and believes that the US holding Bitcoin as a strategic reserve would be a positive development. Meanwhile, Armstrong also addressed stablecoin regulation, suggesting that the upcoming US stablecoin regulations may require issuers to fully back their USD-denominated tokens with US Treasury bonds, and stated that Coinbase would delist USDT if Tether fails to comply with any new US laws.