Coinbase CEO: Stablecoins are the Safest Asset Unless the US Collapses On January 24th, Coinbase CEO Brian Armstrong stated on the All-In Podcast that several of the world's largest banks now consider cryptocurrency a "survival priority." He pointed out that there are approximately 500 million cryptocurrency users globally, and major financial institutions are accelerating their adoption of the technology. Armstrong emphasized that the Genius Act is now law, requiring US-regulated stablecoins to hold 100% of short-term US Treasury bonds, stating that US Treasury bonds are the safest asset unless the US government collapses. He stated that cryptocurrency is a new type of money market and will not destroy the lending market. Host Besties added that banks are nervous about disruptive competitors with superior technology. Source: