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Coinbase lays out a stablecoin ecosystem, Base chain DEX integration ignites traffic.
Coinbase actively布局stablecoin赛道,Base生态潜力待挖掘
This week, the market has experienced significant fluctuations due to geopolitical conflicts. On a macro level, the Federal Reserve maintains a hawkish stance, and the stablecoin sector continues to heat up. The U.S. Senate has passed the "GENIUS Stablecoin Act," which will be reviewed by the House of Representatives. Multiple institutions are actively laying out stablecoin business plans. Circle's stock price continues to rise, and TRX and FET are going public through a SPAC in the U.S. stock market.
This article focuses on the latest developments of Coinbase.
1. Coinbase Strategic Layout
Coinbase has been active this week in product innovation, business expansion, and regulatory compliance, particularly demonstrating ambition in stablecoin applications and integration with traditional finance. The Base ecosystem has shown strong performance recently, and Coinbase's stock price once surged by more than 10%.
1. Product Innovation
Coinbase announced plans to integrate its main app with Base chain's DEX services, allowing users to conduct on-chain transactions directly within the app. This initiative aims to enhance the accessibility of DeFi on the Base chain.
Unlike other platforms, the DEX integration feature of the Coinbase APP will provide all assets on Base through DEX, meaning that projects launched on the Base chain can quickly gain trading channels.
Aerodrome, as the core DEX of the Base chain, plays an important role in this integration, and its growth potential is worth looking forward to. Data shows:
With the influx of 110 million real-name users in North America, Coinbase's integration will bring direct traffic and user growth to Aerodrome. However, currently, Aerodrome's protocol revenue has not seen significant growth, and the rapid price increase is more due to emotional responses.
2. Business Expansion
Coinbase is actively promoting the application of USDC, aiming to make it the globally dominant dollar-backed stablecoin. This is closely related to its international expansion strategy. In the future, the Coinbase APP may fully integrate spot, contract, DEX, and coin-stock trading.
In addition, Coinbase has close ties with the Trump family, seeking strategic benefits through donations and support for Trump's cryptocurrency policies.
2. Policy Regulation
The U.S. Senate passed the "GENIUS stablecoin Act" with 68 votes in favor and 30 against, which will be submitted to the House of Representatives for review. Trump urged the House of Representatives to push the legislation forward as soon as possible.
The bill requires members of Congress and executive officials to disclose holdings of more than 5,000 stablecoins and prohibits profiting from them, but the president is exempt from this restriction. This exemption has raised criticisms regarding conflicts of interest.
The bill received bipartisan support but also underwent intense negotiations. Democratic lawmakers attempted to pass an amendment to prohibit the president from profiting, but were unsuccessful.