Jesse Pollack, the developer behind Base, believes that stablecoins pegged to national currencies could become a major driver of the crypto economy. He shared his insights at the Token2049 conference in Singapore, according to The Block.
Currency Diversity: A New Step for the Digital Economy
Pollack noted that the majority of the digital economy is still centered around the US dollar, which accounts for roughly 60% of global reserves. Meanwhile, dozens of other significant currencies are largely absent in the blockchain space.
“If we integrate stablecoins tied to local currencies, users could transact, borrow, and lend in the currencies they are familiar with,” Pollack explained.
According to the developer, Base processed approximately 81 million stablecoin transactions in September 2025, totaling around $1.5 trillion. Available currencies already include the Indonesian rupiah, Turkish lira, New Zealand dollar, and Brazilian real. Previously, Base and Coinbase also announced the launch of digital versions of the Australian and Singapore dollars.
Base App: A Platform for the New Economy
Pollack also spoke about the beta testing of Base App, an application that combines social networking, mini-apps, trading, and instant payments. A key feature is the “create and earn” model, allowing content creators to capture nearly all of the revenue—unlike traditional Web2 platforms, where creators often retain less than 5%.
Currently, the Base App waiting list has 1.2 million users, and the team plans a full launch in the coming months.
“We’re still in beta, but actively preparing for the official release,” Pollack added.
