CEO Base: Lack of stablecoin besides USD, preparing to launch super app

At Token2049 Singapore, Jesse Pollak – Director of Base – stated that the crypto ecosystem is lacking neo stablecoins pegged to currencies other than USD, while currently 99% of stablecoins are pegged to the US dollar.

He emphasized that stablecoins pegged to local currencies such as the euro, Japanese yen, and Nigerian naira can bring significant practical value for payments, borrowing, and daily activities. Base recorded 81 billion stablecoin transactions in September ( equivalent to 1.500 trillion USD) and currently supports 12 local currency stablecoins, including IDR, TRY, NZD, and BRL. Yesterday, Coinbase and Base continued to launch two more stablecoins pegged to SGD and AUD.

At the same time, Base is also testing the new name of Coinbase Wallet, Base App (, aimed at the "create-and-earn" model for the creator economy. The application integrates social networking, mini-apps, instant transactions, and payments, and currently has 1.2 million people on the waiting list and is expected to expand to the public in the coming months.

![])https://img-cdn.gateio.im/webp-social/moments-58be6db3d075662617ac8cc9f2de674d.webp(Jesse Pollak