Coinbase CEO Brian Armstrong has issued a stark warning to banks, emphasizing the necessity of adopting stablecoins to avoid becoming obsolete. Armstrong highlighted the increasing significance of stablecoins in the global financial landscape, suggesting that financial institutions must adapt to this trend to stay competitive. He pointed out that stablecoin adoption could transform financial dynamics, impact bank partnerships, and improve cross-border payment efficiency. Armstrong also referenced regulatory developments, such as the upcoming 2025 GENIUS Act, which are expected to accelerate the shift towards stablecoins. He urged banks to align with these changes to maintain their relevance in the evolving financial ecosystem.