Coinbase Accelerates USDC Dominance: How Circle’s Stablecoin Is Reshaping Payments & Financial Services (Bernstein Report)
Coinbase just turbocharged the adoption of Circle's USDC—and traditional finance didn't see it coming. The exchange's latest moves position the regulated stablecoin as the backbone of next-gen payments, leaving banks scrambling to catch up.
Bernstein analysts confirm: This isn't just about trading pairs anymore. USDC's infiltration into mainstream financial services signals a tectonic shift—one that could make legacy settlement systems look like fax machines in an iMessage world.
Bonus jab: Wall Street's 'innovation labs' are still debating whether to put their collateral in money market funds or USDC... while crypto-native firms already collect yield on both.