Stablecoin revenue — Revenue
Coinbase Global, Inc. Stablecoin revenue — Revenue decreased by 16.1% to $305.44M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.7%, from $297.54M to $305.44M. Over 3 years (FY 2021 to FY 2025), Stablecoin revenue — Revenue shows an upward trend with a 414.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher user adoption of stablecoins or a favorable interest rate environment for the underlying fiat reserves, while a decrease may indicate reduced stablecoin liquidity or lower interest yields.
Detailed definition
This metric represents the revenue generated from stablecoin-related activities, primarily through interest income earne...
Peer comparison
Comparable to interest income on cash equivalents or transaction-based service fees found in fintech and digital asset platforms that manage fiat-backed digital assets.
coin_segment_stablecoin_revenue_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.47M | $2.47M | $2.47M | $76.86M | $198.90M | $151.39M | $172.36M | $171.60M | $197.32M | $240.44M | $246.86M | $225.86M | $297.54M | $332.50M | $354.66M | $364.13M | $305.44M |
| QoQ Change | — | +0.0% | +0.0% | >999% | +158.8% | -23.9% | +13.8% | -0.4% | +15.0% | +21.9% | +2.7% | -8.5% | +31.7% | +11.8% | +6.7% | +2.7% | -16.1% |
| YoY Change | — | — | — | >999% | — | — | +124.3% | — | -0.8% | +58.8% | +43.2% | +31.6% | +50.8% | +38.3% | +43.7% | +61.2% | +2.7% |
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Frequently Asked Questions
- What is Coinbase Global, Inc.'s stablecoin revenue — revenue?
- Coinbase Global, Inc. (COIN) reported stablecoin revenue — revenue of $305.44M in Q1 2026.
- How has Coinbase Global, Inc.'s stablecoin revenue — revenue changed year-over-year?
- Coinbase Global, Inc.'s stablecoin revenue — revenue increased by 2.7% year-over-year, from $297.54M to $305.44M.
- What is the long-term trend for Coinbase Global, Inc.'s stablecoin revenue — revenue?
- Over 3 years (2021 to 2025), Coinbase Global, Inc.'s stablecoin revenue — revenue has grown at a 414.9% compound annual growth rate (CAGR), from $9.88M to $1.35B.
- What does stablecoin revenue — revenue mean?
- Revenue earned from interest and service fees related to stablecoin holdings and circulation.