Opinion: Coinbase's stablecoin revenue is expected to increase sevenfold under the GENIUS Act

SmartContractAuditor · 2026-02-24T00:56:07+00:00

Bloomberg Intelligence指出，Coinbase在Washington lobbying efforts aim to retain its stablecoin revenue. If payment adoption accelerates, stablecoin revenue is expected to grow two to seven times by 2025, but related legislation could limit payout of earnings, thereby affecting the company's profits. The CEO believes that economic benefits can still be maintained.

SmartContractAuditor

2026-02-24 00:56:07

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Odaily Planet Daily reports that Bloomberg Intelligence states Coinbase is actively lobbying in Washington to preserve its key stablecoin revenue streams. According to BI analysts Paul Gulberg and Samuel Radowitz, if payment adoption accelerates under the GENIUS Act framework signed by President Trump in July 2025, Coinbase’s stablecoin revenue could potentially double to seven times.

Currently, the act prohibits stablecoin issuers from paying interest or yields to holders, and the legislative draft under negotiation may further ban exchanges from offering rewards linked to stablecoin balances. This could impact Coinbase’s profits from its revenue-sharing agreement with Circle for USDC. Coinbase’s stablecoin revenue in 2025 is projected at $1.35 billion, accounting for 19% of its total revenue. CEO Brian Armstrong stated last week that a “way forward” has been found, and even if paying yields to customers is banned, the company can still retain economic benefits from Circle, thereby increasing profit margins.

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