$Coinbase Global, Inc.(COIN)$ is seriously growing on me. Stablecoins are quietly becoming a new backbone for the dollar，and a fresh source of demand for U.S. Treasuries. Tether’s already one of the major holders. COIN’s USDC issuance jumped from $10B to over $60B in just two years. Last quarter, nearly half their revenue came from USDC and subscriptions，that’s no joke.
And don’t forget Citi’s call: stablecoins could hit $1.6T–$3.7T by 2030. If that plays out, COIN is sitting right at the heart of the action.
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