Key Takeaways
Imagine Coinbase dusting off its old stablecoin toolkit and giving it a shiny new spin-like Mrs. Maisel deciding to do stand-up again, but with crypto. They’re back, injecting USDC and EURC liquidity into DeFi-because apparently, wait six years and hope no one notices.
The buzz around stablecoins is heating up faster than a slice of toast in a toaster on Éclair mode. Coinbase is making headlines again-because who doesn’t love a comeback story with a dash of liquidity? The plan? To boost USDC (that’s the stablecoin that’s second in line to USDT’s throne-just holding a crown, no big deal) across both the OG DeFi giants and the slightly less mature upstarts. Think of it as giving DeFi a nice shot of espresso-pep up or crash, your call.
Coinbase’s Reluctant Return to Stablecoin Stardom
First stop on their tour? Channeling USDC into Ethereum’s Aave and Morpho-because nothing says “we’re serious” like lending on Ethereum-while also giving Solana’s Kamino and Jupiter a big ol’ financial high five. And Coinbase’s cheeky quote? They’re apparently “particularly eager” to buddy up with teams pre-launch or those craving stablecoin growth from day one. Basically, they’re all about the early birds-who needs sleep?
Not Just USDC-Because Why Not?
Details on the size of the fund? Nada. The mystery remains, like who ate the last slice of cake. But what’s confirmed is that it’s fueling liquidity in USDC and EURC-because apparently, euros need a little crypto lovin’ too. Maybe in the future, other stablecoins will get invited to the party-because, let’s face it, more is merrier.
Coinbase insists this move is part of their masterplan to keep USDC thriving across all networks-both the well-established and the “we’re kind of still figuring it out” ones. The goal? Lower borrowing costs, reduce slippage (fancy talk for less annoying trading surprises), and help protocols grow up big and strong.
The Comeback Kid-After 6 Years of Sleeping
Six years-yes, half a decade-since Coinbase’s original fund, which handed out $1 million each to Compound and dYdX. Back then, USDC was just a cute little stablecoin creature, and now? It’s got a market cap of $65.6 billion-kind of like the teenage star who made it big after hanging around in the background. USDC’s second only to USDT, which looks like the supermodel of stablecoins with a $164.6 billion market cap.
And for the record, Coinbase’s Q2 2025 revenue? A whopping $332 million-because who needs to sleep when you can make money in stablecoins? Their USDC balances? Up 13% quarter-over-quarter, hitting a hefty $13.8 billion. Nice.
A Revenue Tailwind with a Side of Sarcasm
Despite reporting a somewhat underwhelming $1.5 billion in Q2 revenue (think of it as the crypto version of “eh, could be better”), Coinbase’s stablecoin earnings still popped a tidy 12%. The USDC engine is running smoothly, thank you very much.
Meanwhile, CEO Brian Armstrong is brushing off Charles Schwab’s plans to jump into crypto with the grace of a cat avoiding a bath, naively calling Coinbase “the Amazon of crypto”-because who doesn’t want to be the next big thing, even if everyone’s already bought into the hype?
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2025-08-13 20:23