Data: Coinbase's USDC holdings exceed $19 billion, accounting for 25.3% of the total supply

According to data from Artemis, the USDC holdings on the Coinbase platform have surged to a historic high of $19 billion, accounting for 25.3% of the total USDC supply. Compared to less than 5% at the beginning of 2023, this share has achieved remarkable growth over three years. As the platform can earn interest income from USDC reserves, the continuous expansion of holdings will further enhance Coinbase's revenue-generating capacity in its financial reports.