Coinbase Likely to Benefit Most From Circle’s IPO Success

Coinbase is poised to be a major beneficiary of Circle Internet Group’s recent initial public offering (IPO). While the market focused on Circle’s stock debut, its underlying partnership with Coinbase will likely drive significant revenue. 100% of USDC minting revenue on Coinbase’s platform and 50% of reserve income from USDC held outside Coinbase ensure a direct financial gain from increased stablecoin supply. This agreement has become a major source of revenue for Coinbase, which benefits significantly as the USDC supply continues to grow, according to expert Michael Nadeau’s analysis.