The analyst said that in the near future, stablecoins will overtake the main crypto coin in popularity

Coinbase CEO Brian Armstrong voiced several ideas that could take the crypto industry to the next level. He believes that it is necessary to create a “flatcoin” — a decentralized stablecoin that would track the inflation rate to monitor purchasing power.

The provision of such a token could be expressed in various assets, or it could be algorithmic, Armstrong believes. He said that now there are already services that could hypothetically monitor inflation in order to further decentralize it.

Also, the head of Coinbase believes that it is necessary to launch an “on-chain reputation” system that will help assign a rating to addresses or names of the Ethereum Domain Name System, depending on their activity in the chain. A similar service could be used in issuing loans and preventing fraud.

In addition, Armstrong sees promise in in-chain advertising, a variation of Web3 advertising that rewards users based on user actions. Here it will be possible to use smart contracts indicating the amounts and wallets that can select ads for impressions.

Armstrong also believes that it is necessary to create “capital formation in the chain.” This will help make it more democratic to attract funding for projects and guarantee the safety of the ICO. The head of Coinbase noted that the boom due to ICO has passed, so raising funds is still problematic.

Armstrong also proposed establishing a job market in the cryptosphere to make it easier for potential candidates to find a job and pay in digital assets, which will greatly facilitate international payments.

And Bloomberg Intelligence analyst Jamie Cutts believes that in the near future, stablecoins will overtake the main crypto coin in popularity. The main issue is regulation. The expert believes that despite the lack of clear regulations on the part of regulators regarding stablecoins in the United States, they are in for a real rush.