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Data: Coinbase USDC holdings surpass $19 billion, accounting for 25.3% of the total supply

MarsBitNews
Mars Finance news, according to Artemis data, Coinbase’s USDC holdings have risen to a historical high of $19 billion, accounting for 25.3% of the total USDC supply. Compared with a share of less than 5% at the beginning of 2023, this figure has achieved a leap in growth over the past three years. As the platform can generate interest income from its USDC reserves, the continued expansion of its holdings will further strengthen Coinbase’s financial report revenue capability.
COIN-4.49%
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MoonlightMarketMaking
· 15h ago
The financial report looks good again, shareholders are waking up smiling.
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LatencyMonk
· 15h ago
USDC has become Coinbase's printing press.
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GateUser-c29c3db9
· 15h ago
Only 5% three years ago? This growth rate is even faster than DeFi.
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On-ChainCheatSheetKing
· 16h ago
The USDC ecosystem is increasingly resembling Coinbase's private property.
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DegenWithNotebook
· 16h ago
Interest income proportion is estimated to reach a new high
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WatercolorGlassBottle
· 16h ago
19B reserve interest, has the annualized calculation been done?
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FeeswitchWhisperer
· 16h ago
This data indicates that institutions still trust CEX.
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CandleAfterTheRain
· 16h ago
25% concentration, the narrative of decentralization is awkward
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