#Coinbase Enhances Support for Solana#

Coinbase CEO Brian Armstrong recently made a number of statements during the World Economic Forum in Davos, Switzerland, indicating that Coinbase's support for Solana will be further strengthened. He stated that Coinbase will provide "first-class support" for Solana, aligning it with the treatment of major assets like Bitcoin, Ethereum, and Base, and offering native support for common use cases such as decentralized exchanges (DEXs) and meme coin trading. Previously, Coinbase encountered Solana transaction backlog issues, but Armstrong emphasized that these have been resolved and users can retry canceled transactions. He acknowledged the need to provide better service to users during periods of high demand and stated that Coinbase will expand its infrastructure to handle the growing needs of the Solana ecosystem.Furthermore, Armstrong expressed his bullish outlook on Bitcoin, seeing it as a tool to combat deficit spending and inflation, and predicting that Bitcoin's price will rise to millions of dollars in the long term. He believes that the US government holding Bitcoin as a strategic reserve would be positive and stated that many finance ministers are increasingly interested in holding Bitcoin. He also touched upon stablecoin regulation, suggesting that the future might require stablecoin issuers to be fully backed by US Treasury bonds, and stated that Coinbase will delist USDT based on legal requirements.