Coinbase USDC revenue may multiply 7x as payments grow, Bloomberg says

CoinTelegraph

by Christina Comben

February 24, 2026

AI-Generated Deep Dive Summary

Coinbase’s USDC revenue could surge by up to seven times if its adoption in payments accelerates, according to Bloomberg Intelligence. Despite reporting a net loss of $667 million in Q4 2025, Coinbase saw significant growth in stablecoin revenue last year, reaching $1.35 billion, a substantial increase from $911 million in 2024. This surge was driven by the high-margin interest income generated from USDC balances, which contrasted with the volatility of trading fees. Coinbase’s stablecoin revenue, tied to its partnership with Circle and representing 19% of total revenue in 2025, is poised for growth if USDC adoption continues to expand. The potential increase underscores the strategic importance of stablecoins within the cryptocurrency ecosystem. While regulatory developments, such as a proposed ban on stablecoin rewards by Congress, could reshape how these revenues are earned, they also highlight the broader impact of US regulations on the crypto market. This growth in USDC revenue is significant for several reasons. It reflects the growing role of stablecoins in the cryptocurrency landscape and their potential to diversify income streams for platforms like Coinbase. Additionally, the shift from volatile trading fees to more predictable interest income could stabilize Coinbase’s financial performance. For readers interested

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Originally published on CoinTelegraph on 2/24/2026