Loading article…
Coinbase stock rose 4.5% after joining a 140‑member stablecoin coalition, a move that could reshape its revenue mix and impact future earnings.
Coinbase shares surged 4.49% to $160.49 on June 30, the day the exchange announced its participation in a 140‑company alliance backing the new Open USD (OUSD) stablecoin, a shift that could diversify its stablecoin revenue beyond Circle’s USDC [1].
| At a glance | |
|---|---|
| Price | $160.49 |
| 24‑h change | +4.49% |
| Key level | 12‑month low $139.18, high $444.64 |
| Catalyst | Joining 140‑company OUSD alliance |
Coinbase was a founding partner of Circle’s USDC, earning a share of the interest income generated from the cash and Treasury reserves that back the token. That partnership is set to expire on Aug. 18, and the new OUSD coalition—featuring Visa, Mastercard, Stripe, BlackRock, Google and Shopify—will jointly manage the stablecoin and split its reserve earnings. By spreading reserve income across many firms, the alliance reduces Circle’s monopoly on stablecoin yields and gives Coinbase a stake in a broader stablecoin ecosystem, potentially offsetting the loss of USDC‑related revenue [1].
In 2025, stablecoin‑related revenue accounted for roughly 19% of Coinbase’s $1.35 billion top line, a 48% year‑over‑year increase. Analysts project modest 4% CAGR growth in revenue and EBITDA through 2028, figures that appear weak against a 21‑times EBITDA valuation but could improve if stablecoin adoption accelerates or interest‑rate environments become more favorable. The CLARITY Act, if enacted, could further boost stablecoin yields and lessen Coinbase’s exposure to volatile crypto markets [1].
Institutional ownership of Coinbase sits at 68.84%, with notable recent activity: Fifth Third Bancorp lifted its stake by 274% to 33,678 shares (≈$5.9 million) in Q1, while other funds such as Capital World Investors and Janus Henderson Group added sizable positions in the prior quarter [2]. Insider sales in May totaled over $5.3 million, but the stock’s 50‑day moving average sits at $171.29, suggesting the recent rally remains above short‑term trend lines [2].
The alliance signals Coinbase’s strategic pivot toward a more diversified stablecoin portfolio, but the ultimate effect on earnings will hinge on OUSD’s market uptake and the regulatory environment surrounding stablecoin yields.
Coverage is mostly measured — 203 of 213 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 20, 2026 · How we report
Coinbase One members can pledge their Bitcoin holdings as collateral for a home mortgage through Better Mortgage, which allows borrowers to secure financing without selling their digital assets. As of August 26, 2026, this service is available to eligible members and is designed to adhere to Fannie Mae standards.
Coinbase reported a net loss of $359.5 million and a net revenue of $1.22 billion for the quarter ending July 30, 2026. This revenue figure represented an 18.5% decrease compared to the same period in the prior year.
Coinbase One members are eligible for a rebate equal to 1% of the mortgage value, up to a maximum of $10,000, when utilizing the Bitcoin-backed mortgage service offered in partnership with Better Mortgage.
Coinbase stock is subject to risks stemming from the deeply cyclical nature of cryptocurrency markets, which can lead to periods of low prices and depressed trading volumes. As of September 4, 2026, analysts have noted that persistent weakness in these markets can place significant pressure on the profitability of Coinbase.