Coinbase CEO Brian Armstrong has publicly expressed support for adding Circle’s USD Coin (USDC) payments on X, formerly Twitter.
Armstrong urged the X team to explore how USDC could be integrated into the social media platform’s payment features.
This suggestion builds on a similar proposal from Travis Bloom, Coinbase’s Lead Engineer, who previously asked Elon Musk about facilitating USDC transfers via Base, Coinbase’s layer-2 network on Ethereum.
Such an addition would fit X’s broader ambition of introducing an all-encompassing payment system, a concept hinted at earlier this year when the platform revealed plans for a peer-to-peer service akin to PayPal. Though details remain scarce, X has made headway by obtaining money transmitter licenses in 33 U.S. states.
For USDC—a stablecoin with a growing circulation—integration into X via Base could boost adoption. The coin ranks second behind Tether’s USDT and prides itself on compliance standards. In 2024 alone, its total supply soared from $24.2 billion to over $43 billion, with especially strong gains on Ethereum layer-2 networks.
Base itself saw USDC usage skyrocket by 26 times, becoming a leading L2 solution in terms of network activity. If X embraces USDC on Base, it may solidify both the platform’s payment ambitions and USDC’s position as a key player in the stablecoin market.
