This is Coinbase's biggest moneymaker right now.
Coinbase (COIN -5.10%) faced a number of questions over the weekend as the USDC stablecoin ran into questions about its deposits in U.S. banks. This is a business that generates hundreds of millions of dollars in revenue for Coinbase, so it's a big earnings driver. Travis Hoium dives into what happened and how to think about Coinbase's cash cow right now.
*Stock prices used were end-of-day prices of March 15, 2023. The video was published on March 16, 2023.
SVB Financial provides credit and banking services to The Motley Fool. Travis Hoium has positions in Coinbase Global, Ethereum, and Solana. The Motley Fool has positions in and recommends Coinbase Global, Ethereum, SVB Financial, and Solana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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