Coinbase actively promotes USDC payments and financial service applications
According to the latest report by Bernstein, Coinbase is moving beyond the role of a USDC distributor and becoming a key driver for the adoption of stablecoins in payment and financial service sectors; B
The company has launched Coinbase Payments in collaboration with Stripe and Shopify, and introduced Coinbase Business targeting startups and small businesses, both services based on Circle's USDC stablecoin; B
Coinbase's Base blockchain has hosted over 3.7 billion USDC and processed 6.8 trillion USDC settlement volume, establishing a new revenue-sharing agreement with Circle, where directly held USDC earns 100% interest income, and externally held USDC is split 50:50; B
Commentary: Stablecoins have become a core revenue source for Coinbase, with non-trading revenue growing from $181 million in 2020 to $2.8 billion in 2024. This strategic shift shows that the company is building a long-term growth engine beyond trading operations by expanding the utility of USDC in payments and DeFi.