COIN stock surged 16% after stablecoin bill passed Senate, with positive financial stability
From Nasdaq
June 24, 2025 9:51 PM:
Coinbase Global (NASDAQ: COIN) stock surged 16% after the stablecoin regulation bill passed the Senate, up 20% in a week. The bill requires full reserve backing for stablecoins like USD Coin, a major revenue driver for Coinbase. The company also launched Coinbase Payments to simplify USDC acceptance for e-commerce, partnering with Shopify.
Despite positive developments, Coinbase’s stock is expensive compared to the S&P 500, with high valuations and volatility. The company’s revenues have grown by 18.6% annually and its profit margins exceed industry averages. Its balance sheet shows strong financial stability, with a low Debt-to-Equity ratio and high Cash-to-Assets ratio.
COIN stock has experienced significant declines during market downturns but has not fully recovered. Despite strong growth, profitability, and financial stability, its weak resilience during downturns and high valuation make it a volatile investment. Investors looking for lower volatility can consider the Trefis High Quality portfolio as an alternative. 1. The stock market experienced a sharp decline today, with the S&P 500 dropping 3% and the Dow Jones falling by 600 points. This was the biggest single-day drop in over a year, driven by concerns over inflation and rising interest rates.
2. A new study published in a medical journal found that the Pfizer-BioNTech COVID-19 vaccine is 91% effective in preventing infection after two doses. The study also showed that the vaccine is 95% effective in preventing hospitalization and severe illness.
3. The United Nations announced that over 2.5 million people have been displaced in Ukraine due to the ongoing conflict with Russia. The UN Refugee Agency is providing assistance to those affected, but warns that the situation is rapidly deteriorating and in need of urgent attention.
4. Tesla CEO Elon Musk revealed plans to build a new Gigafactory in Texas, which will produce batteries, electric cars, and other renewable energy products. The $5 billion facility is expected to create over 10,000 jobs and help boost the local economy.
5. The European Union announced a new initiative to combat climate change, pledging to reduce greenhouse gas emissions by at least 55% by 2030. This ambitious target aims to accelerate the transition to renewable energy sources and promote sustainable practices across all sectors.
Read more at Nasdaq: Is COIN Stock A Buy As Stablecoin Bill Clears The Senate?