Coinbase steps into consumer market with stablecoin-powered ‘everything app’ that goes beyond trading.
The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps.
The intent is to expand Coinbase’s reach to a new subset of consumers who aren’t necessarily interested in buying or trading crypto but could still reap the benefits of the so-called on chain economy.
The Base App will run on Coinbase’s in-house built public blockchain, also called Base. In-app transactions will be powered by USDC.