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Coinbase CEO Starts Fiat-Backed Stablecoin Inflation Discussion

Published 09/15/2021, 01:20 PM
Updated 09/15/2021, 01:30 PM
Coinbase CEO Starts Fiat-Backed Stablecoin Inflation Discussion
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  • Coinbase (NASDAQ:COIN) CEO, Brian Armstrong, starts a conversation about fiat-backed stablecoins.
  • Armstrong’s tweet got almost a thousand replies within four hours.
  • Various Twitter (NYSE:TWTR) users replied from trolls, promoters, and serious answers.

Fiat-backed stablecoins have been successfully splitting the room in various discussions. With Bitcoin, along with other cryptos being argued to be a hedge against fiat inflation, how does fiat-backed stablecoins fare? This is the topic that Coinbase CEO Brian Armstrong brought to his followers.

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