Coinbase Stablecoin Revenue Could Surge 7x Under GENIUS Act, Bloomberg Analysts Say
Cryptocurrency trade Coinbase (COIN) might be one of many greatest company beneficiaries of the United States’ first complete crypto laws, the GENIUS Act, which was signed into regulation in July 2025 and established a federal framework for stablecoin issuance and oversight.
Coinbase Stablecoin Revenue Jumps 48%
According to Bloomberg analysts Paul Gulberg and Samuel Radowitz, the brand new framework might considerably strengthen Coinbase’s fast-growing stablecoin enterprise, notably if adoption of dollar-backed tokens expands into mainstream funds.
In 2025, Coinbase generated an estimated $1.35 billion in income tied to stablecoins, a 48% enhance from $911 million in 2024. That section represented 19% of the corporate’s whole annual income, underscoring how essential stablecoins have change into to the trade’s total enterprise mannequin.
Unlike buying and selling charges, which are likely to rise and fall sharply alongside crypto market volatility, stablecoin-related earnings is derived from curiosity earned on reserves backing Circle’s USDC.
Those reserves are primarily invested in US Treasuries and different low-risk devices, producing yield. Coinbase receives a big share of that curiosity earnings, making the enterprise extra predictable and customarily increased margin than transaction-based income.
The significance of this income stream turned notably evident in late 2025. During a interval when Bitcoin (BTC) and broader crypto costs declined sharply, and Coinbase’s fourth-quarter income dropped 20%, earnings generated from stablecoins remained comparatively secure.
Paul Gulberg and Samuel Radowitz argue that this consistency might change into much more significant if regulatory readability accelerates broader USDC adoption.
GENIUS Act Expected To Accelerate USDC Growth
The GENIUS Act is central to that outlook. By offering a nationwide regulatory construction for stablecoin issuers, the laws might take away limitations which have restricted the usage of USDC in areas reminiscent of cross-border funds and service provider settlements.
If companies and monetary establishments undertake stablecoins extra broadly for real-world transactions, the general provide of USDC might increase considerably.
An enhance in USDC circulation would require extra reserves to again these tokens, which in flip would generate extra curiosity earnings from the underlying Treasury holdings.
Because Coinbase shares in that yield, higher adoption instantly interprets into increased potential income. Bloomberg analysts estimate that beneath favorable situations, Coinbase’s USDC-related revenue might develop by two to seven instances its present stage.
Yet, reaching the higher finish of that projection depends upon whether or not Coinbase can proceed providing rewards to prospects who maintain USDC. If buyer reward mechanisms stay in place, analysts consider USDC adoption might speed up extra quickly.
However, even when these programmes are restricted or scaled again within the ongoing negotiations on the CLARITY Act, the clearer regulatory surroundings created by the GENIUS Act continues to be anticipated to help significant development in stablecoin utilization.
At the time of writing, the trade’s inventory, buying and selling beneath the ticker title COIN, surged in direction of $185 throughout Wednesday’s buying and selling session, marking a 22% enhance within the 24-hour timeframe.
Featured picture from OpenArt, chart from TradingView.com
