According to Artemis data, Coinbase’s USDC holdings have risen to a record high of $19 billion, accounting for 25.3% of total USDC supply. This share has grown dramatically from less than 5% at the beginning of 2023 over the past three years. As the platform earns interest on USDC reserves, the continued growth in holdings will further boost Coinbase’s revenue performance.
Coinbase's USDC holdings reach $19 billion, representing 25.3% of the total supply.
TechFlowShare
Summary
As of May 24, 2026, Coinbase’s USDC holdings reached $19 billion, accounting for 25.3% of the total supply—up from under 5% at the beginning of 2023. The increase in holdings may enhance revenue from interest rate developments tied to USDC reserves. This trend occurs amid ongoing crypto news surrounding stablecoin growth and reserve management.
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