Coinbase CEO Brian Armstrong has expressed interest in incorporating Circle’s USD Coin (USDC) for payments on X, formerly known as Twitter. Armstrong believes that USDC payments would enhance the platform and has urged the X team to consider implementing this feature. This move aligns with X's goal of introducing a payment system and expanding into an all-encompassing app. X's plans to launch a peer-to-peer payment service similar to PayPal have been delayed, but the platform has made progress in obtaining money transmitter licenses across 33 states. Integrating USDC via Coinbase-backed Base could be a strategic move for X and the stablecoin, as USDC has seen significant growth in supply and usage on Ethereum Layer 2 networks. Circle and Binance are working to promote USDC in the crypto finance and global commerce sectors, with USDC being the first major stablecoin to comply with Canada's digital asset regulations. Read more AI-generated news on: https://app.chaingpt.org/news

#USDC