Coinbase Announces Corporate Blockchain Integration Platform Strategy

Brian Armstrong, CEO of Coinbase, stated that Coinbase will play a common infrastructure role in the corporate blockchain integration process. Recently, companies such as Stripe, Circle, and Robinhood have launched their own blockchains, leading to expected market restructuring. The Robinhood chain processed 200 million transactions in its first month, with total deposits reaching $650 million. CEO Armstrong mentioned that the spread of corporate blockchains will facilitate market consolidation, and there is a high possibility that the stablecoin market will be restructured around Tether and USDC. Currently, there are 110 Ethereum-based Layer 2 networks, but only 24 of them can process more than two transactions per second. CEO Armstrong predicts that many companies will integrate into existing networks instead of creating independent blockchains. Coinbase plans to develop its own Layer 2 network, "Base," as an infrastructure that companies can use collaboratively. Base has processed $32 trillion in stablecoin transactions over the past year and is considering decentralization and its own token issuance. Experts analyze that the neutrality of corporate blockchains will determine the outcome of competition.

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