A Coinbase exec isn't watching the price. He's watching who shows up.
Why now
Thesis: Regulatory loss turned into stablecoin yield play
Catalyst to watch: USDC supply growth and reward economics
Main risk: Yield costs pressure Coinbase margins
Why it matters
Coinbase raising USDC rewards after the Clarity Act died shows regulatory setbacks can still boost stablecoin economics.
Details
Coinbase fought for the Clarity Act. Losing it made them money. Coinbase spent a year pushing for a crypto market structure bill that would have capped what it pays on stablecoin balances. The bill died in the Senate on September 16. The next day Coinbase raised its USDC reward rate to 3.75% for Co
Sources
- youtube · 2026-09-24 17:00 UTC