Coinbase is benefiting from stablecoin revenue growth and is well-positioned in the crypto market

From Nasdaq
June 24, 2025 3:33:00 pm:

Coinbase Global (COIN) is the largest cryptocurrency platform in the US, supporting over 200 digital assets. The company benefits from high transaction volumes as crypto adoption increases. Stablecoins are a growing part of Coinbase’s business, with USDC stablecoin revenue hitting $300 million in Q1. The GENIUS Act aims to regulate stablecoins in the US, boosting credibility and adoption.

Stablecoins like USDC offer faster, cheaper transactions and opportunities for holding rewards. Tether, behind the USDT stablecoin, was the most profitable company in the world per employee last year. Coinbase’s partnership with Circle Internet Group (CRCL) contributes to its stablecoin revenue, but CRCL’s market cap is significantly higher than COIN’s despite USDC only representing 14% of Coinbase’s business.

Coinbase’s shares are poised for growth with potential to reach $500 by 2026. The company has a strong balance sheet with nearly $10 billion in cash reserves. As a leader in the crypto exchange market, Coinbase is well-positioned to capitalize on the growing crypto economy and stablecoin market.

Read more at Nasdaq.: Is Wall Street Missing the Boat on Coinbase’s Stablecoin Revolution?