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Newswire > Coinbase’s Q2 earnings point to shrinking USDC margins for Circle, Mizuho says
Coinbase’s Q2 earnings point to shrinking USDC margins for Circle, Mizuho says
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Coinbase’s Q2 earnings point to shrinking USDC margins for Circle, Mizuho says

DATE POSTED:August 1, 2025
The Block
Original article

The analysts estimate Circle paid more than half of the total interest income it earned from USDC reserves to Coinbase.

The Block
Original article
Newswire > Coinbase’s Q2 earnings point to shrinking USDC margins for Circle, Mizuho says

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