The head of tokenization at Coinbase, Anthony Bassili, discussed plans for a future where decentralized applications can be used by billions of customers across multiple blockchain networks securely and efficiently. The integration of Ethereum Virtual Machine and USD Coin (USDC) will play a key role in this system. Coinbase's Ethereum layer-2 Base blockchain aims to streamline KYC and AML processes through identity attestation and verification. Bassili mentioned that more than 300,000 wallets have already been attested.

To provide Web3 access to customers with verified identities, Base will take advantage of EVM network interoperability, supported by USDC. With Coinbase's equity stake in Circle, the total assets in Circle have exceeded $28 billion, offering the ability to mint USDC. Bassili also mentioned the potential for trading tokenized assets directly without the need to convert them into dollars, but emphasized the need for regulatory structures and market developments.

USDC serves as an initial step towards creating a liquid and open market structure within the cryptocurrency space.