Coinbase’s stablecoin revenue could see a sevenfold increase under the Genius Act. However, a draft bill may limit this growth by prohibiting yield payments to stablecoin holders, potentially impacting Coinbase’s revenue projections.
Coinbase’s stablecoin revenue could see a sevenfold increase if the Genius Act becomes law, signaling a potential major shift in on-chain economics for the exchange. However, a draft bill may limit this growth by prohibiting yield payments to stablecoin holders, potentially tempering revenue projections. The proposed restrictions would affect how on-chain dollars generate income, creating regulatory risk for Coinbase and other issuers.
If yield payments are banned, the company may need to adjust its revenue model and investor outlook as policymakers weigh innovation against consumer protections. Regulators are balancing the drive for financial innovation with safeguards for users and market stability, a tension that will influence Coinbase’s earnings trajectory and broader crypto market dynamics.
Leave a Reply