Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Coinbase Global Inc. CEO Brian Armstrong said stablecoins could give people in countries battling high inflation and volatile currencies an easier way to access stronger global currencies without leaving their home countries.

Stablecoins Offer Digital Dollar Access

On Sunday, Armstrong argued that crypto has created new options for people looking to protect their savings from weakening local currencies.

“Crypto gives people a way out,” Armstrong said in a post on X.

He pointed to countries where high inflation or currency volatility can rapidly erode household purchasing power.

…