Stablecoins are having a moment, and Coinbase (COIN) sits right in the blast radius of that growth. The company helped bring USDC to life with Circle (CRCL) and now participates economically as USDC scales into payments, savings, and commerce.
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Interestingly, shares have cooled off, hovering about 31% below the 52-week high of $444.65, which, to me, puts expectations back into fair territory. I’m Bullish from here because the stablecoin engine is finally humming loud enough to matter in the headline numbers. And unlike trading spikes, this engine appears durable and increasingly integrated into real-world cash flows, which is why sentiment might turn positive from here, irrespective of valuation multiples.
