Video yükleniyor...

Video Yüklenemedi

Ana Sayfaya Dön

Brian Armstrong voted NO on an idea that made Coinbase $800 million. "An example is USDC, the stablecoin, I'm embarrassed to admit. I actually voted no on that idea. Luckily somebody else funded it out of their budget." USDC now generates $800M/year in revenue. Even CEOs get it wrong.

64,457 görüntüleme • 6 ay önce •via X (Twitter)

39 Yorum

Cointelegraph profil fotoğrafı
Cointelegraph6 ay önce

The lesson: Hire people who ignore you

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

true

Otonomos profil fotoğrafı
Otonomos6 ay önce

That´s why community is so relevant in crypto. Feedback is essential.

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

I always say: Hire people and trust them to do the job you hired them for!

GregAlMundo profil fotoğrafı
GregAlMundo6 ay önce

@Otonomos Trust, So hard this days... so undervalued.

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

@Otonomos True! SUUUUUPER undervalued

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

feat: @coinbase @brian_armstrong @davidsenra

Moving_Markets profil fotoğrafı
Moving_Markets6 ay önce

Always wondered how stablecoins generate revenue

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

check out US t-bills then you'll understand

Moving_Markets profil fotoğrafı
Moving_Markets6 ay önce

@grok explain to a 4 year old kiddo, what are t-bills?

Grok profil fotoğrafı
Grok6 ay önce

Hey kiddo! T-bills are like a super-safe short loan note from the big USA government. You give them your money for a few weeks or months, and they promise: "We'll give it ALL back PLUS a tiny extra treat!" No risk, like lending your cookie to mom—she always returns it with one more. That's how they borrow cash safely. 💰

David Senra profil fotoğrafı
David Senra6 ay önce

Full episode here!

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

Added the full interview link below ser! Enjoyed this loads!

Better CallBot profil fotoğrafı
Better CallBot6 ay önce

Every founder has that one idea they said no to... this one turned into an $800M/year legacy moment. 🎉

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

Isn't that a crazy story to never forget

Litecoin Ricky Ⓜ️🕸️ profil fotoğrafı
Litecoin Ricky Ⓜ️🕸️6 ay önce

So stablescoins are legit full blown scam jobs

Nora profil fotoğrafı
Nora6 ay önce

Best part of this story is that he tells it openly

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

I love founders who do that

RadarFlow profil fotoğrafı
RadarFlow6 ay önce

Reserve management is split between Circle and Coinbase. Shared custody creates fragmented key authority. Settlement finality depends on institutional oracle consensus.

Olexandr Shalakhin profil fotoğrafı
Olexandr Shalakhin6 ay önce

Suppose USDT was already dominating the market. People that argue and debate with you to prove their idea and make the company a better place and build better products are priceless

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

yes yes

Max the Pup 🐶 profil fotoğrafı
Max the Pup 🐶6 ay önce

🟠

Alex Crypto profil fotoğrafı
Alex Crypto6 ay önce

Even the best miss one sometimes

AlphaDropster profil fotoğrafı
AlphaDropster6 ay önce

USDC’s success shows stablecoins are more than just a product they can drive massive revenue

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

And imagine... they could've never existed!

AlphaDropster profil fotoğrafı
AlphaDropster6 ay önce

Crazy to think about how close we came to never seeing this at all

Mizar profil fotoğrafı
Mizar6 ay önce

All I hear is that your boss can get it wrong

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

And that's true! And it can all still work out

Mr. Sniper profil fotoğrafı
Mr. Sniper6 ay önce

Coinbase raking in 800M from the stablecoin Brian straight-up vetoed, savage reminder that even the top dogs fumble the bag sometimes—what other billion-dollar ideas is he sleeping on right now?

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

Well... He's mad a sh*tload of great decisions if you ask me

Dano profil fotoğrafı
Dano5 ay önce

yeah sometimes the best ideas look crazy at first. reminds me of a pitch i killed that later did $500k/month. entrepreneurship is wild - how many of your initial "no" ideas do you think actually had potential?

T profil fotoğrafı
T6 ay önce

@Cointelegraph Brian isn’t that bright.

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

@Cointelegraph why would you say?

0xpreneur profil fotoğrafı
0xpreneur6 ay önce

Even CEOs fade and still make generational bags wagmi fam

MSB Intel profil fotoğrafı
MSB Intel6 ay önce

committed to the cause!

Springroll profil fotoğrafı
Springroll6 ay önce

You can't win them all but you can show up every day and work on what you believe

Charlotte Murphy profil fotoğrafı
Charlotte Murphy6 ay önce

What a legendary humble brag from Brian! It’s wild how $800M in revenue almost didn't happen. That Timing Note is everything luckily someone moved fast while the idea was hot. $USDC is a powerhouse now. Appreciate you sharing this reality check!

jeff profil fotoğrafı
jeff6 ay önce

they get it wrong because of ego and zero understanding.

Gumterver100.base.eth 🟦 profil fotoğrafı
Gumterver100.base.eth 🟦6 ay önce

Stay based stay blue 🔵

Benzer Videolar

140 of the biggest financial firms on Earth just teamed up to assassinate ONE company. The same company they helped BUILD for 7 years. BlackRock, Coinbase, Visa, Mastercard, Stripe, BNY Mellon, and Google all showed up to sign the kill order: Yesterday, a consortium of over 140 financial firms launched a new stablecoin called Open USD. The target: Circle Internet Group, the $17 billion company behind USDC. Circle stock crashed 17.5% in a single trading session and closed near $62. It is now down more than 40% in 30 days from its May high of $138. But this is NOT a story about a competitor showing up... This is about a company getting assassinated by the exact partners it depended on to survive. Here is how deep the betrayal goes: Coinbase and Circle co-founded USDC together in 2018. They built the stablecoin as partners through the Centre Consortium. In 2024 alone, Circle paid Coinbase $908 million as a distribution fee for hosting USDC on the Coinbase platform. That revenue-sharing agreement expires in August 2026. Six weeks before that renewal, Coinbase publicly signed onto a project designed to make USDC obsolete. BlackRock literally manages Circle's reserves. The world's largest asset manager has been sitting on the $73.6 billion in US Treasuries backing USDC but joined a consortium built to redirect that interest income to other partners instead of Circle. BNY Mellon is Circle's custody bank. Same playbook here. Custody by day, competitor by night. And Open USD is launching natively on Base, which is Coinbase's own blockchain. Coinbase is literally constructing the rails to replace USDC on the chain Coinbase owns. And what makes it worse: 99% of Circle's 2024 revenue came from interest earned on those Treasury reserves. That is the entire business model. Take user dollars, park them in short-term T-bills, keep the yield. Open USD's pitch to the market is a single sentence: Partners keep the yield instead of Circle. Zero minting fees or redemption fees. Almost all the interest income flows back to the 140 companies distributing the coin. Every "partner" that gave Circle its network effect just realized they had been paying Circle to do something they could do themselves. The interim CEO of Open Standard is Zach Abrams, the co-founder of Bridge, the stablecoin infrastructure firm Stripe acquired for $1.1 billion in 2024. Stripe's stablecoin acquisition is now running the coordinated hit against Circle as well. Circle's own CEO Jeremy Allaire went on the record calling USDC "the most trusted, widely adopted stablecoin globally" and welcoming the competition. That is the polite corporate translation for "our largest revenue-sharing partner just publicly announced they no longer need us." Citi projects the stablecoin market will hit $4 trillion by 2030. 140 companies looked at that number, looked at how much of it Circle was keeping, and coordinated to take it. The exchanges that gave USDC liquidity, the banks that gave USDC legitimacy, the card networks that gave USDC distribution, and the asset managers that gave USDC credibility... Every one of them spent years inside the walls before yesterday's public execution. The most successful crypto IPO of 2025 just got dismantled by the SAME names that built it. What do you think?

Ricardo

34,803 görüntüleme • 2 ay önce