A naukri.com initiative
Bitcoinist
1d
315
Image Credit: Bitcoinist
Coinbase Circles USDC Profits, Highlights New Crypto to Explode
- Circle's $USDC stablecoin, with over $60B market cap, earns most profits for Coinbase, signaling major crypto success for new emerging cryptocurrencies.
- Coinbase receives 50% of residual revenue from $USDC reserves, making $908M in 2024, while Circle made $155M net profit.
- Circle filed with SEC to go public on NYSE, showcasing increased demand for $USDC with 250M USDC minted at the USDC Treasury.
- Circle's move aligns with the positive outlook in the crypto market as Sony announces support for $USDC payments in Singapore.
- Other emerging cryptocurrencies like MIND of Pepe ($MIND), Best Wallet Token ($BEST), and Nexchain ($NEX) present promising opportunities in the crypto space.
- MIND of Pepe offers 289% staking during the presale and intends to launch an AI agent for crypto intelligence, potentially reaching $0.00535 by 2025.
- Best Wallet Token provides exclusive access to web3 wallet features and projects a value of $0.072 by 2025, with ongoing presale raising $11.5M.
- Nexchain introduces a layer-1 AI blockchain with hybrid consensus, aiming for interoperability and low transaction fees, drawing nearly $350K in the ongoing presale.
- Sony's support for $USDC payments signifies new potential for crypto adoption, paving the way for other emerging cryptocurrencies to make an impact.
- The crypto market in 2025 shows exciting opportunities for growth and innovation, urging investors to conduct thorough research and seize potential gains.
Read Full Article
18 Likes
For uninterrupted reading, download the app