- Jesse Pollak is tapping local currencies to stir growth.
- Base already hosts more than $5.3 billion in value.
- The enterprise announced the launch of two new stablecoins on Thursday.
US crypto exchange Coinbase wants every single world currency on its speedy layer-2 blockchain.
And it wants them fast.
“If you are someone who is thinking about issuing a stablecoin in any country in the world, please reach out to us,” Coinbase executive Jesse Pollak said during a talk at Token2049, one of the year’s largest crypto conferences.
“Our goal is to have literally every single currency in the world on Base by the end of next year.”
Stablecoin boom
Base, a blockchain built and operated by Coinbase, is among the world’s largest. More than $5.3 billion in crypto is distributed across over 700 applications on the chain.
Now, the organisation is tapping cryptocurrencies pegged to currencies to stir further growth.
Spurred by the passage of the Genius Act earlier this year, businesses have embraced stablecoins: banks, retailers, and fintech companies are issuing or considering issuing the tokens, which are pegged to fiat currencies.
The market value of all stablecoins has increased about 45% in 2025 and more than 73% year-over-year, according to DefiLlama data.
Of the $299 billion in stablecoins in circulation, however, $298 billion are pegged to the US dollar.
That presents an opportunity, according to Pollak.
“If you look at the world today, something like 60% of the world currency reserve is dollars, but then you have tens of other critical currencies, whether its the euro, or the yen, or even currencies like the Nigerian naira, that are huge parts of the global economy,” Pollak said.
“But right now, they’re missing in the crypto economy.”
There are three reasons Base wants to change that, he continued.
‘10x better’
First, it would make it easier to bring people “onchain.”
Rather than forcing people to see the world in terms of dollars, Bitcoin, or Ether, Base could allow them to make payments or take out loans in a familiar currency, according to Pollak.
“They can have the same products that are 10x better, enabled by crypto, rather than having to have their whole mind blown,” he said.
Second, it can break down cross-border financial barriers.
“By bringing all of these local currencies into one global economy, settling on Base, we are making it easier for countries to access more capital, for them to do remittances, for them to have easy [foreign exchange] between businesses,” Pollak said.
Finally, he framed the adoption of alternative stablecoins in terms of “local sovereignty.”
Stablecoins can be a boon for countries’ economies, in part by helping them grow their currencies, Pollak said.
‘It’s an incredibly ambitious goal, but we believe if we do that, it is going to massively accelerate the rate at which the world can come onchain.'
— Jesse Pollak, head of Base network
Base already features stablecoins pegged to currencies from Indonesia, Turkey, New Zealand, Brazil, Argentina, the EU, Canada, Nigeria, Kenya, and South Africa.
Two new additions
On Thursday, Pollak said Base would soon feature two more: the Singapore dollar and the Australian dollar.
To attract hundreds more to the chain, however, Pollak said he needed two things: software developers who can build the new stablecoins, and local stablecoin issuers.
“It’s an incredibly ambitious goal, but we believe if we do that, it is going to massively accelerate the rate at which the world can come onchain,” Pollak said.
Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can reach him at aleks@dlnews.com.