What drives Coinbase stablecoin revenue?
USDC balances, reserve yields and Coinbase’s economic arrangements affect the revenue. A change in interest rates can offset growth in stablecoin adoption.
Issuer definitionHistorical operating KPI
Coinbase Stablecoin Revenue History
- Latest reported
- $292.15M
- Period
- Q2 2026
- QoQ
- -4.4%
- YoY
- -12.1%
Quarterly history chart
Coinbase Stablecoin Revenue has 16 quarterly observations through Q2 2026. Bars show normalized relative relationships, not historical raw values. Complete values are available through the VizualStocks API.
Understanding Stablecoin Revenue
Why do some USDC revenue totals look higher?
Coinbase also discloses a combined total that includes revenue on its corporate USDC balances. This chart follows the stablecoin revenue line, keeping the two measures distinct.