JPMorgan underscores the potential benefits of Coinbase's partnership with USDC
Elena Ivanova, a renowned blockchain analyst and crypto journalist, was born on May 9, 1989, in Moscow, Russia. With over a decade of journalism experience under her belt, Ivanova has made a significant impact in the blockchain and cryptocurrency industry.
Ivanova's expertise has earned her invitations to speak at blockchain journalism panels and investigative reporting workshops. She is a recognised figure in the crypto world, known for her fearless approach to exposing fraud and her insightful analysis.
Ivanova's active presence on social media platforms such as Facebook, Twitter, YouTube, Instagram, and many more, allows her to share her crypto news and analysis with a wide audience. She has also published a book titled "Crypto Culture Memes Movements and Market Shifts" on Google Books, further showcasing her knowledge and passion for the industry.
One of Ivanova's notable collaborations is with Coinbase, the leading cryptocurrency exchange platform. Coinbase's partnership with Circle, a global financial technology firm, has brought substantial value through shared revenue streams like the Circle Reserve Fund. This partnership has generated significant revenue for Coinbase, with Q1 earnings from issuance payments totalling $300 million. By holding $13 billion in USDC balances, Coinbase generated an additional $125 million, supported by a 20-20% profit margin.
The expansion of USDC (USDC) participation in institutional DeFi could yield favourable regulatory outcomes. Institutions such as Amex, JPMorgan Chase, Shopify, and PNC Bank have declared their involvement in Coinbase's USDC ecosystem strategy, alongside continued collaboration with Circle as co-issuer and investor of USDC. Additional partnerships, such as Mercuryo, aim to lower fees on Coinbase’s Base network.
JPMorgan's latest analysis suggests that Coinbase's investment in Circle and its robust involvement with USDC stablecoin could lead to substantial financial returns. However, JPMorgan also reports that this business aspect may be undervalued by the market, potentially impacting shareholder forecasts.
USDC currently holds a market cap of $63.78 billion and a circulating supply of approximately 63.79 billion tokens. Minimal fluctuation is observed over recent months in the USDC's 24-hour trading volume, which reached $14.21 billion.
In conclusion, Elena Ivanova's contributions to the blockchain and cryptocurrency industry are significant. Her fearless approach to investigative reporting, insightful analysis, and active social media presence make her a valuable asset in the ever-evolving world of crypto.
