Coinbase’s stablecoin revenue, a major part of its income, could increase by two to seven times if USDC adoption in payments speeds up, according to Bloomberg Intelligence. Despite a $667 million net loss in Q4 2025, the company made around $1.35 billion in stablecoin revenue last year, with $364 million in Q4 alone.

The total stablecoin transaction volume hit a record $33 trillion in 2025, with USDC accounting for about $18.3 trillion, ahead of Tether’s USDt. The growth of stablecoins has raised concerns over stablecoin yield politics, leading to legislation like the GENIUS Act and the CLARITY Act, which aim to regulate stablecoin yield payments.

Coinbase earns a share of interest income from USDC reserves through its partnership with Circle. The CLARITY Act, currently moving through the Senate, may impact Coinbase’s ability to offer stablecoin rewards to customers. Senator Bernie Moreno expects the CLARITY Act to clear Congress by April, potentially affecting Coinbase’s revenue and business model significantly.

Read more at Cointelegraph: Coinbase’s USDC Revenue Could Grow Seven Fold: Bloomberg