Coinbase Stablecoin Revenue Could Surge 7x Under GENIUS Act, Bloomberg Reports

Coinbase Global Inc. (COIN) revenue is positioned for a historic breakout, potentially surging by as much as 7x with the potential passage of the GENIUS Act and new shifts in stablecoin regulation. According to recent Bloomberg reports and market analysis, stablecoin revenue of $1.35 made up 19% of Coinbase’s total revenue in 2025.

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How GENIUS Act and SEC Intraday MMF Trades Could Boost Coinbase Revenue

The catalyst for this projected growth lies in the intersection of two major regulatory developments: the GENIUS Act and the SEC intraday MMF trades ruling. The GENIUS Act aims at integrating stablecoins into federal payment systems.

Simultaneously, the SEC’s stance on SEC intraday MMF trades is easing the friction between traditional Money Market Funds and digital asset rails. By allowing faster intraday settlement of MMFs, the liquidity pool available for holding in stablecoins increases.

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Coinbase’s exposure to stablecoins is substantial, largely through its revenue-sharing relationship tied to the USDC ecosystem. If adoption accelerates under this framework, transaction flows, custody balances, and reserve-linked earnings tied to USDC could all scale. This is why analysts see room for Coinbase’s stablecoin revenue to surge multiple times.

Brian Armstrong CEO, Coinbase, notes that even though the GENIUS Act prohibits issuers from paying interest, it would make them more profitable.

“Today, we pass majority of that along to the customer. If we were prohibited from doing that, it would ironically would just make us more profitable.”

Coinbase Well-positioned

As US policymakers refine stablecoin legislation and regulators open the door to tokenized financial instruments, stablecoins move from a looming threat to a competitive advantage.

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Coinbase, on the other hand, appears increasingly well-placed to benefit. If these trends continue, stablecoins may shift from a supporting revenue stream to the central pillar of Coinbase’s long-term growth. This potentially validates forecasts that its stablecoin revenue could multiply dramatically in the coming regulatory cycle.