The analysis article points out that Coinbase's share of the total $USDC supply is growing rapidly, reaching about 23% in the 2025 Q1.

$USDC is also Coinbase's second largest source of revenue.

Circle is a natural acquisition target for Coinbase and may be priced between $10 billion and $20 billion👇

Ryan Y Yi

The analysis article points out that Coinbase's share of the total $USDC supply is growing rapidly, reaching about 23% in the 2025 Q1.

$USDC is also Coinbase's second largest source of revenue.

Circle is a natural acquisition target for Coinbase and may be priced between $10 billion and $20 billion👇
https://x.com/yiryan/status/1926927385330360743?t=OXTWny2K98zZoqGdlwUB4g&s=19