Jesse Pollak, who leads Base and Coinbase Wallet, has hinted that the team is exploring the possibility of introducing COIN to Coinbase’s layer-2 network in 2025. While Pollak emphasized that discussions are ongoing, he clarified that there are currently no definitive plans in place.
“We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like $COIN to Base in a safe, compliant, future-looking way,” Pollak wrote on X after agreeing that having the stock on the L2 “would be huge.”
Pollak highlighted that COIN is already technically available to non-U.S. citizens through platforms like Backed, a tokenization project for real-world assets. “To make this accessible to everyone, we need regulatory clarity and advancements that embrace on-chain as an open platform,” he stated.
This news follows recent developments in Base’s efforts to enhance decentralization and transparency within its network. Base implemented Optimism’s fault-proof system on October 30, allowing users to verify withdrawals independently without relying on third parties. The upgrade was described as a key step toward decentralization, enhancing transparency and trust. Previously, only centralized entities could update network states, but this shift aimed to increase community participation and oversight. By enabling direct verification, the rollout underscored Base’s commitment to fostering a more open and decentralized network, aligning with broader goals to reduce reliance on centralized control in blockchain systems.
Meanwhile, other notable developments at Base included Pollak’s appointment to Coinbase’s executive team. As the project lead for Base, Pollak took on the additional responsibility of overseeing Coinbase Wallet. Pollak emphasized that this alignment aimed to make blockchain technology more accessible while connecting users to a broader range of decentralized products. He reaffirmed Base’s commitment to decentralization and inclusivity, describing the network as “a bridge rather than an island” and reiterating its dedication to open-source principles.
If you want to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
