Stablecoins are becoming a core Coinbase business!
Citi now provides the banking layer behind Coinbase Virtual Accounts
Incoming USD can automatically convert into stablecoins
Coinbase powers stablecoin acceptance for Spring by Citi merchants
Stablecoins already generated $598M for Coinbase in H1 2026
This is not just a payments product.
It creates a direct bridge between bank accounts, merchants, businesses, and stablecoin rails.
And the incentive is obvious: more balances, more USDC usage, more revenue.
Source: @leonwaidmann on X