USDC interest income benefited Coinbase during its latest earnings report, according to analysts.
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Mastercard to allow crypto payments in Web3 via USDC settlementsUsers will be able to use their existing Web3 wallets to make direct crypto payments without relying on a third party for collateral.
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Binance Increases USDC Holdings as BUSD's Market Cap Slides Lower – Bitcoin NewsThe Nansen researcher also noted there's $1.8 billion $USDC in Binance's main wallet today, the highest it has been in 90 days.
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Coinbase says crypto markets have 'improved,' but rest of year is uncertainCoinbase reported fourth-quarter results that beat estimates. $COIN reported a quarterly net loss of $557 million, or $2.46 a share, compared with a profit of $840 million, or $3.32 a share, in the same quarter in 2021:
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Coinbase beats on revenue and earnings, but usage continues to declineCoinbase beats on revenue and earnings, but usage continues to decline
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Coinbase's Nightmare: $600 Million Loss Forecast for Q4Coinbase, the US-based cryptocurrency giant, is expected to reveal a loss of nearly $600 million in its Q4 report, marking its fourth consecutive quarter of revenue decline
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