Key Takeaways Stablecoins—particularly USD Coin (USDC)—have become a vital growth engine for Coinbase Global (COIN) , enabling the company to diversify its revenue mix beyond traditional trading fees. USDC is a major driver of Coinbase's expanding subscription and services revenues, helping mitigate the volatility tied to transaction-based income. Coinbase benefits significantly from the rising adoption and use of stablecoins. One key advantage is the interest income generated from holding USDC reserves, wh ...