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CryptoMediumUpdated•Originally published 24 February 2026•Updated 24 February 2026•

1 min read

Coinbase Eyes USDC Revenue Surge as Stablecoin Volumes Hit Record $33 Trillion

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Key Facts

1Bloomberg Intelligence predicts Coinbase's USDC revenue could increase sevenfold as the payments sector grows.

3 months ago

Version History

Version 13 months ago

What changed: Updated the story with record-breaking transaction data showing $33 trillion in total volume, with USDC capturing over 55% of that activity.

Bloomberg Intelligence projects a massive 700% surge in Coinbase’s revenue from the USDC stablecoin, driven by the expanding crypto payments landscape. This outlook is bolstered by new data showing that total stablecoin transaction volume reached a record $33 trillion over the past year. USDC played a dominant role in this growth, accounting for approximately $18.3 trillion, or more than 55% of the total annual volume. The sheer scale of these transactions explains why the US Congress is currently debating legislation that could potentially ban stablecoin rewards. Analysts suggest that such regulatory shifts may force industry players to restructure their profitability models and yield strategies. For Coinbase, capturing this market share remains a pivotal step in reducing its long-term reliance on volatile retail trading fees.