Coinbase's USDC holdings have surged to a record $19 billion, representing 25.3% of the total USDC supply, according to Artemis data. This marks a significant increase from less than 5% at the beginning of 2023, highlighting a substantial growth over three years. The expansion in USDC holdings is expected to enhance Coinbase's revenue capabilities, as the platform benefits from interest income on USDC reserves.
Coinbase's USDC Holdings Reach Record $19 Billion
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