Average USDC balances held across Coinbase products reached a record $22 billion in third-quarter 2026, generating $307 million in stablecoin revenue

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

The venues where digital assets trade, from Coinbase and Binance to decentralized protocols, with their listings, licenses, custody and failures.