Coinbase is listed on Nasdaq, while Circle's USDC funds a quarter of Coinbase's revenue. The Senate failed to pass the CLARITY Act, amidst FED rate impacts.
1 report, 1 independent
Updated Sep 18
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What happened
Coinbase is listed on Nasdaq, while Circle's USDC funds a quarter of Coinbase's revenue. The Senate failed to pass the CLARITY Act, amidst FED rate impacts.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Coinbase distributes USDC, a stablecoin from Circle, and shares in its economics.Sub-event
Coinbase/Circle revenue partnership under pressure from Senate legislative failure and FED rate hikes.1 source
Keep exploring
The entities involved
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Coinbase
American company that operates a cryptocurrency exchange platform
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Circle
peer-to-peer payments technology company
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senate
type of legislative body, often the upper house or chamber of a bicameral legislature
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FED
business
Related events
- Coinbase updated its rating citing BTC recovery, while legislative failure prompted SEC intervention amid market shifts.
- MoneyGram chose Circle's USDC for payments, amidst intense stablecoin market competition and the dissolution of past partnerships.
- Circle is linked to broader crypto market trends, while Coinbase has heavy exposure to digital asset trading activity.
- Roundtable utilizes Coinbase infrastructure for USDC payments as part of its service debut.
- Coinbase is lobbying for favorable Clarity Act legislation, Circle is building financial infrastructure on the Arc network, and MicroStrategy Inc. remains the largest Bitcoin treasury holder.