Last month, I shared that I’m going to be stepping up to lead both Coinbase Wallet and Base. There’s a natural flywheel here: Base is supporting developers who build onchain apps, those apps attract users onchain, Wallet onboards those users, and in turn more users incentivizes more developers to build onchain. And the faster we [...]

By Published On: November 13, 2024

Last month, I shared that I’m going to be stepping up to lead both Coinbase Wallet and Base. There’s a natural flywheel here: Base is supporting developers who build onchain apps, those apps attract users onchain, Wallet onboards those users, and in turn more users incentivizes more developers to build onchain. And the faster we spin this flywheel, the easier it will be to bring more and more people onchain.

In pursuit of this, I’m excited to share that the Utopia Labs team is joining Base to help accelerate our onchain payments roadmap within Coinbase Wallet. The Utopia team has been on the ground floor building onchain payments products for years. We’re pumped for them to join us to accelerate our goal of bringing low-cost, fast, and global payments to everyone around the world. Stablecoins amounted to $8.5 trillion in transaction volume across 1.1 billion transactions Q2 2024, and continuing to improve the user experience will be crucial as stablecoin payments continue to grow. Together, we’ll create a future where individuals and businesses large and small use onchain payments to make their lives better every day.

So with that: welcome, Utopia Labs team. Together we’re going to push what’s possible onchain. LFB.