Brian Armstrong Highlights Stablecoins’ Role in Global Dollar Access
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Stablecoins are expanding beyond trading by meeting global demand for dollar access and low-cost payments. China’s interest-bearing digital yuan has intensified scrutiny of U.S. stablecoin reward restrictions. Research finds stablecoin rewards show no meaningful impact on bank deposits or lending levels. Stablecoins are emerging as a core use case for cryptocurrency beyond speculative trading, according to comments from Brian Armstrong, who highlighted global demand for dollar access and rising geopolitical competition in digital payments. In a series of remarks, Armstrong noted that access to financial services remains uneven worldwide, as most of the global population resides outside the United States and lacks access to dollar-denominated bank accounts. He pointed out that stablecoins allow individuals with smartphones to hold digital representations of U.S. dollars and transfer value globally at low cost and near-instant speed. Financial access matters far more than crypto skeptics who have only lived in the U.S. realize. 96% of the world population doesn’t live in the U.S., and many have a high demand for the dollar but can’t open dollar-denominated accounts. With stablecoins, anyone with a… — Brian Armstrong (@brian_armstrong) January 8, 2026 Dollar Demand Outside the U.S. Drives Stablecoin Use Armstrong highlighted that demand for dollars is strongest in regions facing high inflation or currency instability. He referenced conditions in countries such as Nigeria, where inflation reached between 50% and 70% last year, limiting the purchasing power of local currencies. According to Armstrong, stablecoins enable users in such markets to store value in dollars without relying on traditional banking systems. He highlighted that stablecoins function as one-to-one digital representations of fiat currency held in custody, allowing holders to move funds without the delays or fees associated with banks, remittance services, or card networks. Armstrong noted that traditional remittance channels often charge between 5% and 12% per transaction,…
Filed under: News - @ January 9, 2026 11:04 am