Bloomberg analysts have highlighted a significant opportunity for Coinbase, suggesting that the company's revenue from USDC could see substantial growth. According to the official information, this potential increase hinges on the establishment of clearer regulatory frameworks that could drive wider adoption of the stablecoin.
Potential Revenue Growth for Coinbase
According to the analysts, if regulatory clarity is achieved, Coinbase's USDC-related revenue could expand by two to seven times its current level. This growth is expected to stem from a heightened use of USDC in real-world transactions, which would require Coinbase to maintain additional reserves. As a result, the company could benefit from increased interest income generated from these reserves.
The Role of the GENIUS Act
The analysts emphasize that the GENIUS Act plays a crucial role in this scenario, as it aims to facilitate the usage of stablecoins like USDC. By providing a more defined regulatory environment, the act could encourage businesses and consumers to adopt USDC more widely. Ultimately, this could boost Coinbase's revenue potential.
Recently, Coinbase has partnered with Yahoo Finance to enhance trading capabilities, integrating crypto tickers and equities for users. This collaboration contrasts with the potential revenue growth discussed in the recent analysis of Coinbase's USDC. For more details, see read more.
