#Coinbase Enhances Support for Solana#

Coinbase CEO Brian Armstrong has recently expressed support for Solana on multiple occasions, stating that the company will be strengthening its support for Solana, including expanding infrastructure and providing native support for common use cases such as DEX and memecoin trading. Coinbase aims to elevate Solana support to the same "tier-one" level as Bitcoin, Ethereum, and Base. Previously, Coinbase faced user concerns and criticism due to Solana transaction backlogs that resulted in a degraded user experience. Armstrong acknowledged the need to provide better service for users during periods of high demand and stated that Solana transaction backlogs have been resolved. Furthermore, Armstrong expressed bullish sentiment towards Bitcoin, arguing that it can serve as a counterbalance to deficit spending and inflation, and predicting a multi-million dollar price target for Bitcoin. He also mentioned growing interest from the US government in holding Bitcoin as a strategic reserve and expects more countries to follow suit. However, Armstrong also highlighted potential new stablecoin regulations in the US that could require issuers to fully back their USD-denominated tokens with US treasuries, posing a challenge to stablecoin issuers like Tether. Coinbase has stated that it will delist USDT if Tether fails to comply with new US regulations.