Latest news with #USDCoin


Globe and Mail
8 hours ago
- Business
- Globe and Mail
How Should You Play Coinbase Stock Ahead of Q2 Earnings?
Coinbase Global COIN is set to report second-quarter 2025 results on July 31, after market close. This company beat estimates in three of the last four reported quarters and matched in one. The Zacks Consensus Estimate for COIN's second-quarter revenues is pegged at $1.5 billion, indicating a 4.3% increase from the year-ago reported figure. The consensus estimate for earnings is pegged at 83 cents per share. The Zacks Consensus Estimate for COIN's second-quarter earnings has moved up 1 cent in the past seven days. The estimate suggests a year-over-year decrease of 22.4%. COIN's Decent Earnings Surprise History COIN's earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and matched in one, the average surprise being 32.71%. What the Zacks Model Unveils for COIN Our proven model predicts an earnings beat for Coinbase this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which increases the odds of an earnings beat. Earnings ESP: Coinbase's Earnings ESP is +12.05%. This is because the Most Accurate Estimate of 93 cents is pegged higher than the Zacks Consensus Estimate of 83 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Coinbase Global, Inc. Price and EPS Surprise Coinbase Global, Inc. price-eps-surprise | Coinbase Global, Inc. Quote Zacks Rank: Coinbase currently has a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Factors Likely to Shape COIN's Q2 Results The second-quarter performance of Coinbase is likely to have benefited from increased trading volume due to higher volatility. Crypto trading remains a major revenue driver for COIN. The Zacks Consensus Estimate for trading volume is pegged at 235 million, indicating a 4% increase from the year-ago reported quarter. While Institutional trading is likely to have increased, consumer trading is likely to have remained soft in the to-be-reported quarter. The acquisition of Deribit, the top crypto options exchange, is likely to have proved beneficial for Coinbase in the quarter, adding meaningful new revenue streams and boosting its presence among institutional investors. The growing emphasis on international expansion, the rise of derivatives and spot trading, and the deeper integration of USD Coin into the crypto ecosystem are likely to have supported growth in Coinbase's two largest revenue streams — trading fees and stablecoins. Higher crypto asset volatility, coupled with improved crypto asset prices, is likely to have driven the growth of Coinbase One subscribers as well as unit inflows across staking, custody and USDC assets. The Zacks Consensus Estimate for transaction revenues is pegged at $1325 million, indicating an upside of 23% from the year-ago reported quarter. Coinbase also expects transaction expenses to be in the mid-to-high teens as a percentage of net revenues. Coinbase's subscription and services revenues were likely bolstered by blockchain rewards, stablecoin-related income and revenue from Coinbase One subscriptions. The ongoing transition from volatile transaction-based income to more stable, recurring revenue streams is likely to have played a key role in driving overall growth. Management estimates an expected growth in stablecoin revenues to be offset by a decline in blockchain rewards revenues owing to lower Ethereum and Solana prices. COIN expects second-quarter subscription and services revenues to be in the range of $600-$680 million. The Zacks Consensus Estimate is pegged at $688 million. An increase in digital marketing spending is likely to have increased sales and marketing expenses. COIN projects sales and marketing to be between $215 million and $315 million due to potential variability in performance marketing, as well as customer USDC balances in Coinbase products. Technology investments aimed at improving operational efficiency, combined with disciplined cost control, are likely to have led to lower expenses and enhanced profit margins. Coinbase expects second-quarter technology and development and general and administrative expenses to be in the range of $700-$750 million, a decline from the previous quarter due to lower variable expenses like infrastructure, customer support and seasonally lower payroll taxes. COIN's Price Performance & Valuation The stock outperformed the industry, sector and the S&P 500 in the second quarter of 2025. Image Source: Zacks Investment Research The stock is trading at a price-to-earnings ratio of 67.49, higher than the industry's 22.12. Shares of Robinhood Markets HOOD and Interactive Brokers Group, Inc. IBKR, two other crypto-oriented stocks, are also trading at multiples higher than the industry average. Investment Thesis Coinbase is well-positioned to benefit from heightened crypto asset volatility, rising prices, and the increasing adoption of digital assets in a more supportive regulatory landscape. The company continues to strengthen its international footprint through expanded banking relationships, new regulatory licenses and personalized product offerings that cater to varied customer preferences—steps that could fuel sustained long-term growth. Its strategic pivot from primarily transaction-based revenues to more predictable subscription and service-based income is enhancing revenue stability. Investments in foundational infrastructure, including Base—a platform designed to improve Ethereum's scalability and lower transaction costs—reflect Coinbase's focus on long-term innovation. The growing use of stablecoins is contributing to increased stablecoin-related revenues, while the ongoing rise in Coinbase One subscriptions is expected to further bolster the company's top line. Coinbase remains focused on operational efficiency through a disciplined cost structure. Although its return on equity lags the industry average, the company's debt position is relatively stronger. In addition, a favorable improvement in the times interest earned ratio offers some financial flexibility. The steady growth in cash and cash equivalents also signals a strengthening liquidity position. What Should Investors Do Now With COIN Stock? The Trump administration is swiftly advancing its agenda to make the United States a global hub for cryptocurrency innovation. In this supportive environment, Coinbase—an industry leader—is well-positioned to benefit from efforts to drive growth, increase its share in the spot trading market across both retail and institutional segments, enhance user experience, and pursue ongoing innovation while keeping costs in check. That said, given the stock's elevated valuation and below-average return on equity, potential investors might consider holding off before entering a position. Higher. Faster. Sooner. Buy These Stocks Now A small number of stocks are primed for a breakout, and you have a chance to get in before they take off. At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We've combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month. You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days. Download the report free now >> Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report
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Business Standard
20-07-2025
- Business
- Business Standard
US legal backing for Stablecoin starts regulatory debate in India
Supporters say crypto can be used for purposes as varied as managing government subsidies and trade settlements Mumbai Listen to This Article US President Donald Trump last week signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, cheering supporters of such digital assets and prompting a debate in India. Stablecoins are designed to maintain a stable value by being pegged to a fiat currency like the US dollar or other assets, in contrast to the volatility seen in other cryptocurrencies. Tether and USD Coin, the most popular stablecoins, are backed by the US dollar in a 1:1 ratio. That means each stablecoin is intended to be backed by one US dollar in value. 'Stablecoin promises instant txn
Yahoo
16-07-2025
- Business
- Yahoo
CRCL, U, RGTI: 3 Industry Leaders Breaking Out Wednesday
Though the major indices are red in early Wednesday trading, three momentum leaders are breaking out on news-driven catalysts, including: Circle Jumps on GENIUS Act Progress Zacks Rank #3 (Hold) stock Circle Internet Group (CRCL) is the leading stablecoin issuer in the United States. In a partnership with Coinbase Global (COIN), the company manages the USD Coin (USDC), a cryptocurrency designed to maintain a stable value and pegged to the US dollar. Through stablecoins like USDC, can send money globally much more efficiently than with fiat and at a significantly lower cost. However, one of the major roadblocks to widespread use is the regulatory red tape that has hindered progress. That said, CRCL, one of the top performing IPOs of 2025, rose in early trading after President Donald Trump disclosed that 11 of 12 House representatives have agreed to support the GENIUS Act, a piece of legislation that outlines a regulatory framework for stablecoins. A vote is expected to take place on Wednesday afternoon. Image Source: Zacks Investment Research Unity Software Breaks Out After Jefferies Upgrade An analyst at Jefferies upgraded the Zacks Rank #2 (Buy) stock Unity Software (U) on Wednesday, assigning the stock a $35 price target. The analyst cited Unity's new niche AI platform, 'Vector' which focuses on optimizing advertising and acquiring new users in the mobile gaming industry. Vector leverages in-game behavior and user patterns to produce pinpointed ads. Wall Street analysts tracked by Zacks Investment Research expect robust double-digit EPS growth through 2026. Image Source: Zacks Investment Research Rigetti Soars on Quantum Computing Performance Achievement Rigetti Computing (RGTI), a leader in full-stack quantum-classical computing, announced that it achieved a mid-year performance milestone for its quantum computer. The breakthrough, which encompasses achieving a 99.5% median fidelity rate for two-qubit gates on its 36-qubit modular system, represents a twofold improvement in its quantum computing capabilities and is a critical step toward building a reliable quantum computing system. RGTI shares are poised to break out to multi-month highs on the news and may be further driven further by a short squeeze. Roughly 20% of the RGTI float is currently short. Image Source: TradingView Bottom Line The animal spirits are alive and well on Wall Street as momentum names like Circle, Unity Software, and Rigetti break out on volume. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unity Software Inc. (U) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report Circle Internet Group, Inc. (CRCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Associated Press
16-07-2025
- Business
- Associated Press
Nextech3D.ai Announces Rollout of Crypto Payments with USDC -USD Coin and USDT -Tether
Strategic Payment Upgrades Add Margin Efficiency and Align with Rising Global Adoption of Stablecoins and Bank Transfers NEW YORK, NY AND TORONTO, ON / ACCESS Newswire / July 16, 2025 / (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), an AI-first technology company producing photorealistic 3D models and immersive spatial experiences for e-commerce, retail, and event applications, is pleased to announce two major financial infrastructure upgrades: First a staged rollout of cryptocurrency payment support, beginning with USDC (USD Coin) and USDT (Tether), across its 3D modeling, hosting, and event tech platforms. Plus, the launch of ACH (Automated Clearing House) payment functionality on its MapD event management platform, integrated via Stripe, and QuickBooks. These enhancements mark a significant step in mission to become a fully digital-first, low-cost platform, enabling flexible global payments while expanding customer adoption and margin potential across all business lines. Evan Gappelberg, CEO of comments 'This isn't just about new payment options - it's about building financial agility into our platforms, whether it's crypto or ACH, we're giving customers more control, reducing our costs, and reinforcing our value as a modern technology company and infrastructure provider.' Why USDC and USDT: Stablecoins like USDC and USDT offer the speed and cost-efficiency of cryptocurrency with the price stability of the U.S. dollar, making them ideal for international business transactions and high-volume B2B settlements. According to the World Economic Forum. By accepting stablecoins, will: Global Momentum for Stablecoin Payments joins a growing list of companies embracing stablecoins as a legitimate, scalable payment method. This shift underscores the rapid maturation and institutional adoption of stablecoins in mainstream commerce. Implementation & Compliance Infrastructure staged crypto payment rollout includes: Initial adoption will focus on enterprise clients within 3D modeling and Map Dynamics divisions, with a broader rollout continuing through the remainder of 2025. ACH Payments Now Live on MapD - Driving Down Costs In parallel, has successfully launched ACH payment support on its MapD event platform, delivering immediate cost savings and workflow benefits for event organizers, venues, and nonprofits. Advantages of ACH payments include: Strategic Alignment with Growth & Margin Expansion These dual financial upgrades support long-term strategic priorities: ACH functionality is now fully live. The staged crypto payment rollout is in progress and will continue throughout the second half of 2025. About is an AI-first technology company that produces photorealistic 3D models and immersive spatial experiences for e-commerce, retail, and event applications. The company leverages proprietary AI to scale production of 3D assets for some of the world's largest retailers including Amazon, and digital ecommerce platforms Shopify, BigCommerce and WooCommerce. For more information, visit Sign up for Investor News and Info - Click Here For more information and full report go to For further information, please contact: Evan Gappelberg /CEO and Director 866-ARITIZE (274-8493) Forward-looking Statements The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute 'forward-looking information' under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, 'will be' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws SOURCE: press release


Business Insider
16-07-2025
- Business
- Business Insider
Circle Stock (CRCL) Sinks after Trump-Backed Crypto Bills Fail to Pass Key Vote
Shares of Circle (CRCL), the stablecoin firm best known for issuing USD Coin (USDC-USD), fell by 4.5% on Tuesday after the U.S. House of Representatives failed to pass a key vote that would have allowed lawmakers to move forward with long-awaited crypto bills. The vote was seen as a major opportunity for the digital asset industry to finally receive clear federal rules. As a result, other crypto-related stocks, such as Coinbase (COIN) and bitcoin miner MARA Holdings (MARA), also dipped. Nevertheless, even with the pullback, Circle's stock remains more than six times higher than its IPO price last month. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. It is worth noting that the failed vote also delayed progress on the GENIUS Act, which would create the first federal regulations for stablecoins. Indeed, the bill includes requirements for full reserves, monthly audits, and a framework that would allow private companies to issue government-regulated digital dollars. Interestingly, the GENIUS Act already passed the Senate last month, which was a significant achievement for the crypto sector and for President Donald Trump, who has been actively promoting digital assets. Moreover, Treasury Secretary Scott Bessent previously said that the U.S. stablecoin market could grow to over $2 trillion if the bill becomes law, while David Sacks, the White House's AI and crypto advisor, added that it could unlock trillions in demand for U.S. Treasury notes almost immediately. Despite the setback, the House may hold another vote as soon as Tuesday evening, though it's unclear whether the bill or the voting rules will be revised in order to address lawmakers' concerns. Is CRCL Stock a Good Buy? Turning to Wall Street, analysts have a Hold consensus rating on CRCL stock based on five Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average CRCL price target of $185.73 per share implies 5% downside risk.