Coinbase
What Happened: Armstrong's response came after Travis Bloom, Coinbase's engineering lead, directly addressed Musk on Sunday, asking, "Hey @elonmusk, when is X gonna let me send other users USDC on @base? Seems like a clear product win." Armstrong quote-tweeted, stating, "This would be a great feature @x team let's talk."
USDC, a stablecoin pegged to the US dollar, could potentially offer X users a seamless way to transfer value within the platform, particularly following X's recent acquisition of money transmission licenses in multiple U.S. states.
Such a feature could leverage Base's infrastructure to enable fast, low-cost stablecoin transfers between X users.
Why It Matters: The proposal aligns with Armstrong's broader vision for cryptocurrency adoption and Musk's plans to turn X into an "everything app."
Armstrong made headlines by strongly opposing any potential sale of Bitcoin by the U.S. government.
In response to a transfer of 19,800 Bitcoin to a Coinbase Prime deposit address, Armstrong tweeted on Dec. 3, "Agreed - the U.S. government should never sell Bitcoin IMO."
Armstrong's has also been vocal about regulatory issues, recently criticizing Senator Elizabeth Warren (D-Mass.) for her stance on crypto regulation.
The Coinbase CEO accused Warren of being involved in "one of the most unethical, un-American things that happened in the Biden administration," referring to alleged attempts to debank the cryptocurrency industry.
The potential collaboration between Coinbase and X for USDC transfers comes is further evidence for Coinbase actively seeking new avenues for cryptocurrency integration into mainstream platforms.
