Forget Bitcoin—Coinbase’s Secret Weapon Fuels Growth For Free
Posted On July 29, 2025
While Coinbase Global Inc (NASDAQ:COIN) is often viewed through the lens of crypto volatility and Bitcoin (CRYPTO: BTC) price swings, investors may also want to look elsewhere – namely, at the quietly explosive partnership with Circle and its stablecoin USDC (CRYPTO: USDC).
- COIN is showing strength near its 52-week high. Track live prices here.
Bitcoin Who? COIN’s Real Edge May Be Circle
According to JPMorgan analyst Kenneth B. Worthington, investors may be underestimating how deeply embedded—and profitable—USDC has become for Coinbase.
“We see USDC economics as particularly attractive,” he notes, pointing to eye-popping margins and a highly effective growth strategy hiding in plain …
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