Zinger Key Points
- Coinbase CEO Brian Armstrong expresses interest in enabling USDC transfers on Elon Musk's X platform.
- Proposal aligns with Armstrong's vision for crypto adoption and Coinbase's efforts to integrate cryptocurrencies into mainstream platforms.
Coinbase COIN CEO Brian Armstrong is interested in collaborating with Elon Musk‘s X platform to enable USDC transfers between users.
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 USDC/USD, 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.
Also Read: 2025 Outlook: Bitcoin To $150,000, Ethereum To $5,500, Dogecoin Hits $1, Galaxy Research Predicts
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.
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