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Circle paid Coinbase $908M in 2024 for USDC distribution; contract renewal due August 2026.

Market News
11 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

In 2024, Circle paid Coinbase $908 million, about 54% of its revenue, to distribute the USDC stablecoin under a deal set to renew in August 2026. Coinbase earns all reserve interest on USDC held on its platform and half on USDC held elsewhere, making stablecoin revenue a significant part of its income. The partnership's renewal is crucial as Coinbase recently backed a rival stablecoin, causing Circle's stock to drop. Investors should watch the August 2026 renewal closely, as changes could impact both companies' revenues and USDC's market position.

More News

Trump disclosed owning $1.67M in Micron stock, revealing a significant tech investment.

Trump disclosed owning $1.67M in Micron stock, revealing a significant tech investment.

Donald Trump's recent financial disclosure revealed he owns $1.67 million worth of Micron Technology stock. This stake highlights his investment interest in the semiconductor sector, a key area in tech and global supply chains. The disclosure provide...

Market News
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2 hours ago
Ripple Swell 2026 expands to unite finance and XRP communities in NYC this October with broad blockchain and finance focus

Ripple Swell 2026 expands to unite finance and XRP communities in NYC this October with broad blockchain and finance focus

Ripple Swell 2026 will take place from October 27-29 in New York, combining Ripple's institutional Swell conference with the developer-focused Apex event for the first time. The expanded conference aims to connect financial executives, developers, an...

Protocol Fundamentals
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4 hours ago
XRP nears key support with signs of bottoming; $1.22 and $1.60 levels crucial for trend reversal.

XRP nears key support with signs of bottoming; $1.22 and $1.60 levels crucial for trend reversal.

XRP is currently testing a critical long-term support zone with technical indicators like moving average compression and weekly RSI suggesting a potential market bottom. Analysts highlight the importance of XRP rebounding to $1.60 and retesting a Fib...

Technical Signals
Bullish
4 hours ago
Solana fees drop 78% YoY, lowest since 2023; $14M stolen could test $75 price support

Solana fees drop 78% YoY, lowest since 2023; $14M stolen could test $75 price support

Solana's on-chain activity and fees have sharply declined, with total fees dropping 78% year-on-year to $51 million in Q2 2026, the lowest since late 2023. This decline reflects reduced network use amid a broader crypto downturn, despite signs of a p...

Protocol Fundamentals
Bearish
5 hours ago
HII christens USS George M. Neal, a new Flight III Arleigh Burke-class destroyer, enhancing U.S. Navy capabilities.

HII christens USS George M. Neal, a new Flight III Arleigh Burke-class destroyer, enhancing U.S. Navy capabilities.

HII has christened the USS George M. Neal (DDG 131), the fourth Flight III Arleigh Burke-class destroyer built at its Ingalls Shipbuilding division. Named after a Korean War hero, the ship features advanced radar and combat systems to strengthen U.S....

Company Fundamentals
Bullish
5 hours ago
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