According to Mars Finance, data from Artemis shows that Coinbase's USDC holdings have risen to a record high of $19 billion, accounting for 25.3% of the total USDC supply. This share has experienced substantial growth over three years, up from less than 5% at the beginning of 2023. As the platform earns interest from USDC reserves, the continued expansion of its holdings will further enhance Coinbase’s revenue performance.
Coinbase's USDC holdings reach $19 billion, accounting for 25.3% of the total supply.
MarsBitShare
Summary
Coinbase’s USDC holdings now total $19 billion, or 25.3% of the total supply, according to Artemis data. This up from under 5% in early 2023. The increase could boost revenue from interest earned on reserves. Altcoins to watch may also benefit from higher stablecoin yields.
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