Hold onto your hats, folks! The bigwigs in Washington have decided to play with digital money, and it’s as if the financial system just got a shiny new set of roller skates—fast, sleek, and ready to roll across the world stage. Coinbase’s very own Brian Armstrong, a man who probably dreams in blockchain, insists this isn’t just another legislative blip but the dawn of a new artery for America’s financial heartbeat.
On July 18th, President Trump—yes, the same guy who in another universe might be tweeting about pizzas—signed the GENIUS Act into law. The vision? Elevate the US dollar’s crown and crown it as the ruler of all digital assets in the galaxy—okay, maybe just in America, but still impressive. This law’s main trick? It sets up a sort of “trust me, I’ve got the cash” rule for stablecoins—digital tokens that are supposed to be pegged to good old US dollars. Think of it as a high-tech IOU backed by cash or Treasury bills, so it’s at least *supposed* to be safe-ish.
In a recent chat with CNBC, Armstrong declared this development a “financial revolution,” which might be a touch dramatic, but hey, nobody’s ever accused crypto folks of understatement. He passionately claimed that America will finally upgrade its aging financial system—those clunky, decade-old payment methods that make dial-up look fast. Now, payments could be completed faster than you can say “blockchain,” cheaper than a steaming hot coffee, and global enough so your Aunt in Nebraska can send money to her cousin in Japan without needing a second mortgage.
“This stablecoin bill passing into law is really a financial revolution for America. It means crypto can finally start updating the financial system, especially for our payments, which are running on these creaky old systems that are decades old. Now, every payment in our economy can be fast, cheap and global—under one second, one cent, anywhere in the world.”
Coinbase’s crystal ball (or maybe just a smart algorithm) now suggests big-name companies like Walmart and Amazon are already eyeing stablecoins with the kind of excitement usually reserved for new iPhones. Armstrong predicts they’ll start using them to cut transaction costs, because who doesn’t love fewer fees and more money in their pockets? It’s like the financial version of swapping out a tricycle for a Tesla.
“Now that we have clear legislation, we’re going to see the Fortune 500 really start to adopt stablecoins. We’ve started to see this a little bit already even with the news that this was going to pass in the near future. Coinbase just launched an integration with Shopify, for instance, and we’ve seen announcements from Walmart and Amazon. Almost every Fortune 500 company is now coming in and starting to look at stablecoin payments.”
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2025-07-20 20:02