Coinbase CEO Armstrong claims "stablecoin transfer fees under 1 cent"

Coinbase CEO Brian Armstrong said in an X post that stablecoin transfers cost less than one cent, allowing users to hold U.S. dollars and other major fiat currencies and send them anywhere in the world instantly. The claim, reported by PANews, did not specify which networks or service conditions the sub-one-cent figure applies to, so it cannot be assumed to hold across all transfer routes. The assertion matters because transfer costs are a key metric in the debate over stablecoins' role in cross-border payments and remittances. Armstrong's comments come as Coinbase ($COIN) continues to position stablecoins as a core growth area alongside its trading business. What to watch next is whether the company or independent data corroborate the sub-cent figure across specific chains and corridors.