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Coinbase’s USDC holdings exceed $19 billion, accounting for 25.3% of the total supply

Source: stablecoins.artemis.ai
According to Artemis data, Coinbase’s USDC holdings have surged to a record high of $19 billion—accounting for 25.3% of the total USDC supply. This share has grown dramatically over three years, up from less than 5% at the beginning of 2023. As Coinbase earns interest income from its USDC reserves, the continued expansion of its USDC holdings will further strengthen its financial reporting revenue.

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