#Coinbase Enhances Support for Solana#

Coinbase CEO Brian Armstrong has recently expressed support for Solana on multiple occasions, stating that the company will enhance its support for the blockchain, including expanding infrastructure and providing native support for common use cases such as decentralized exchanges (DEXs) and memecoin trading. Coinbase aims to elevate Solana support to the same "Tier 1 support" level as Bitcoin, Ethereum, and Base. Previously, Coinbase experienced user experience degradation and even withdrawal delays due to Solana transaction congestion issues. Armstrong stated that these issues have been addressed and users can retry canceled transactions. Additionally, Armstrong expressed his bullish outlook on Bitcoin, arguing that it can effectively counter deficit spending and inflation. He expects Bitcoin's price to reach millions of dollars. He also stated that finance ministers from multiple countries are paying attention to Bitcoin and expressing interest in holding it as a strategic reserve. Furthermore, Armstrong addressed stablecoin regulation, suggesting that upcoming US regulations may require issuers to fully back their dollar-pegged tokens with US Treasury bonds and undergo regular audits. He also said that if the US holds Bitcoin, G20 nations would follow suit.