$COIN Rocket Alert: Coinbase Stock Soars 16% as Circle Stablecoin Legislation & Product Launch Ignite Crypto Markets

Crypto's favorite blue-chip just got a double espresso shot of bullish momentum. Coinbase Global, Inc. ($COIN) ripped through the market today with a 16% surge—fueled by regulatory tailwinds and fresh product firepower.

The Stablecoin Domino Effect

Circle's USDC just got a legislative hall pass, greasing the wheels for institutional adoption. Traders piled into $COIN as the news signaled clearer regulatory pathways—because nothing makes Wall Street happier than pretending they understand blockchain.

Product Pipeline Pays Off

The launch of Coinbase's new institutional-grade trading tools couldn't have been better timed. With crypto volumes creeping back toward ATHs, the exchange is positioning itself as the go-to gateway for the 'when, not if' institutional flood.

The Bottom Line

Today's price action proves crypto's infrastructure plays remain the smartest bets in digital assets. Just don't tell the 'BTC maxis'—they're still busy arguing about Satoshi's true identity.

TLDR

• Coinbase shares rose 16.32% after the Senate passed the GENIUS Act, supporting stablecoin regulations.
• Circle, USDC issuer and Coinbase partner, saw its stock surge 33% after the legislative win.
• Coinbase plans a stablecoin merchant payment product to rival traditional networks.
• The company unveiled an American Express-backed crypto credit card for subscribers.
• Subscription revenue remains key to Coinbase’s strategy as trading income fluctuates.

Coinbase Global, Inc. (NASDAQ: COIN) stock climbed 16.32% to close at $295.29 on June 18, 2025. The surge follows the Senate’s passage of the GENIUS Act, signaling regulatory support for stablecoins, which heavily influences Coinbase’s business strategy and revenue streams.

Coinbase Global, Inc. (COIN)

Stablecoin Legislation Drives Market Optimism

The GENIUS Act, formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, cleared the Senate, offering clear federal guidelines for issuing stablecoins. This legislative success caused Circle, the USDC issuer and Coinbase’s revenue partner, to rally 33% post-announcement. Coinbase benefits directly, sharing 50% of USDC-related revenue with Circle. The bill ensures all stablecoins must be fully reserved and audited monthly, providing stability and investor confidence.

Coinbase (COIN) jumped +16% and Circle (CRCL) surged +33% after the Senate passed the GENIUS Act.

The bill’s momentum is bullish for the entire crypto industry, especially for USDC, which fuels revenue for both Circle and Coinbase.🪙

Trump even posted: “Get it to my desk ASAP —… pic.twitter.com/vsQS8eQv6G

— Sad Creator (@SadCreatorTalks) June 19, 2025

However, the GENIUS Act still requires reconciliation with the House’s STABLE bill version. While both restrict yield-bearing stablecoins, they differ on regulatory control the Senate favors Treasury oversight. The House version splits responsibilities among multiple agencies. Industry insiders expect some delays as the chambers align their versions.

New Merchant Payment Solution

Coinbase launched a stablecoin-powered merchant payment product, designed to compete directly with legacy networks like Visa and Mastercard. This product offers near-instant settlement and lower transaction fees for e-commerce merchants, opening a potential growth avenue for the company. CEO Brian Armstrong has emphasized making USDC a global standard, with this MOVE aligning with that vision.

Credit Card Offering with American Express

Coinbase also unveiled its first branded credit card in partnership with American Express, exclusive to Coinbase One subscribers. Set to debut in the fall, the card will offer 2% to 4% rewards in Bitcoin alongside typical AmEx perks. Coinbase One, launched in 2023, surpassed one million members and plays a pivotal role in the firm’s shift toward subscription-driven revenue. The company also introduced a Basic tier at $4.99 per month to attract more customers.

Subscription and Service Growth

Beyond trading, Coinbase generated $698.1 million from services like staking, stablecoins, and custody solutions in Q1 2025. Trading revenue remains volatile, but subscriptions and stablecoin services offer reliable income sources. The GENIUS Act’s potential to expand the $260 billion stablecoin market could further cement Coinbase’s lead in this area.

🇺🇸 NEW: Coinbase and Circle shares surged on Wednesday after the US Senate passed the GENIUS stablecoin bill. pic.twitter.com/p1FNOzcQDR

— Cointelegraph (@Cointelegraph) June 19, 2025

Earnings Date and Outlook

Coinbase’s next earnings report is anticipated between August 7 and August 12, 2025. Market watchers will focus on developments in stablecoin regulations, product adoption rates, and subscription growth when evaluating COIN stock’s future performance.

Analysts remain split on COIN’s valuation. Some urge profit-taking after recent gains, while others see long-term value as stablecoins and subscriptions fuel growth. The GENIUS Act represents a milestone that could redefine Coinbase’s market position if signed into law.