Bloomberg Intelligence has forecast that the revenue generated by Coinbase from USDC could potentially increase by as much as seven times, driven by the growing adoption of payments. This development comes at a time when Congress is considering a ban on stablecoin rewards, which could significantly alter the manner in which this revenue is earned. As the landscape of cryptocurrency and stablecoins continues to evolve, companies like Coinbase are poised to experience significant shifts in their revenue streams. The potential ban on stablecoin rewards is a critical factor that could influence the future of USDC and other stablecoins, making it essential for industry players to adapt to these changes. With the growth of payments and potential regulatory changes on the horizon, Coinbase’s USDC revenue is likely to be impacted, and Bloomberg Intelligence’s forecast highlights the potential for substantial growth in this area. As the situation unfolds, it will be crucial to monitor how Congress’s decision on stablecoin rewards affects the cryptocurrency market and the revenue streams of companies like Coinbase. The possibility of a sevenfold increase in USDC revenue underscores the significant potential for growth in this sector, driven by the expanding use of payments and the evolving regulatory environment.
