Coinbase Sees Stablecoin Payments as Key Growth Driver

Coinbase is betting on payments in stablecoins as a new revenue source. The company's CEO, Brian Armstrong, sees this market growing tenfold by 2030.

The idea is to shift a significant portion of payment operations to use stablecoins as a fast settlement tool. Users can buy USDC or other supported stablecoins and send them to recipients or use them in connected services.

Coinbase is developing integrations with banks, fintech companies, and other businesses that require quick transfers and settlements through digital assets.

The partnership with Circle, which issues the second-largest stablecoin USDC, plays a significant role in this strategy. The collaboration revolves around USDC: Circle issues the token, while Coinbase develops services, settlements, and client infrastructure around it.