Movement Alert|Coinbase Global, Inc Rises 3.57% in Regular Trading Following Record USDC Holdings Milestone

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On October 5, Coinbase Global, Inc gained 3.57% in regular trading, trading at $189.8625/share with Turnover of $269 million.

Coinbase's USDC holdings reached record $20 billion levels, driven by growing institutional stablecoin adoption and revenue-sharing with Circle. CEO Brian Armstrong highlighted strategic partnerships with major financial institutions transforming institutional stablecoin payment services.

The USDC holdings milestone signals strengthening position in stablecoin ecosystem and rising institutional adoption. As core revenue driver, stablecoin segment growth provides fundamental support amid expanding custodial footprint.

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