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One platform for global traditional assets
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Quick staking, earn potential new tokens
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Coinbase CEO Brian Armstrong disclosed that Coinbase processes nearly $1 trillion in stablecoin flows each year. The platform holds nearly $20 billion in USDC, and over the past year, the x402 proxy payment protocol processed more than 160 million proxy payments. Coinbase infrastructure product lead Alec Lovett said that Base has handled $19 trillion in stablecoin transaction volume so far this year. Coinbase’s Q1 earnings report shows that the average USDC held across Coinbase products reached $19 billion, a historical high, accounting for more than 25% of USDC’s circulating supply. (The Defiant)