Armstrong's Bullish Case for Global Crypto Adoption

Coinbase CEO Brian Armstrong recently made a strong case for global crypto adoption, claiming that it 'doesn't get enough credit for the financial access it's already unlocked for the world'. Stablecoins are particularly mentioned as giving everyone access to a low-inflation currency, allowing users to send money around the clock for a fraction of a cent.

Decentralized finance (DeFi) applications are also pulling unbanked individuals away from conventional banks, providing them with access to credit and financial services. Tokenized stocks are expanding the total addressable market for U.S. equities, making it easier for overseas investors without U.S. brokerage accounts to invest in U.S. companies.

Armstrong's bullish take is not surprising, given that Coinbase is one of the world's largest cryptocurrency exchanges. If you agree with Armstrong's perspective, it might be a good time to review how these catalysts could boost your crypto portfolio's long-term returns.

Stablecoins like Tether and USD Coin are pegged to the U.S. dollar and can be deposited into lending markets to earn higher yields than traditional savings accounts. However, some of those platforms are riskier than FDIC-backed banking accounts.