Coinbase Earns More with USDC Than Circle
Portfolio Pulse from
Circle's IPO filing disclosed that Coinbase earns more from the USDC stablecoin than Circle itself. The stablecoin has seen impressive growth, with $25 trillion in lifetime on-chain transaction volume and over 78% increase in circulating supply in 2024. Circle's revenue more than doubled from 2022 to 2024, turning a $758 million loss in 2022 into a $221.6 million profit in 2023.
April 02, 2025 | 6:15 am
News sentiment analysis
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POSITIVE IMPACT
Coinbase earned $908 million from USDC distribution, highlighting its significant role in the stablecoin's ecosystem and contributing to its strong Q4 revenue of $2.3 billion.
The news reveals Coinbase's substantial earnings from USDC distribution, which directly impacts its revenue and potentially its stock price. The strong Q4 performance and growing stablecoin market suggest positive momentum.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
USDC has grown significantly, with $25 trillion in lifetime transaction volume and over 78% increase in circulating supply. Circle turned profitable in 2023 after a challenging 2022.
The stablecoin's impressive growth, expanding blockchain presence, and Circle's improved financial performance indicate positive market sentiment and potential for future expansion.
CONFIDENCE 95
IMPORTANCE 95
RELEVANCE 100