Benchmark says Coinbase to ‘benefit’ from stablecoin boom, initiates at ‘buy’

Coinbase announced that it expects stablecoin revenues to reach 910 million USD in 2024, reflecting a substantial growth of 31% compared to the previous year.

Benchmark, an investment bank, has set a ‘buy’ rating for Coinbase, predicting that upcoming stablecoin regulations will enhance its revenue streams and overall market activity.

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