Coinbase Stablecoin Revenue Faces Uncertainty

Coinbase’s stablecoin revenue could potentially increase sevenfold under the proposed Genius Act, according to Bloomberg. However, this growth may be curtailed by a draft bill that seeks to prohibit yield payments to stablecoin holders. The legislation, if enacted, could significantly impact Coinbase’s ability to offer competitive returns on its stablecoin products, thereby affecting its revenue projections.