Coinbase to Significantly Benefit From $1.6B Transfer of MakerDAO's USDC, Analyst Says

Lau wrote that the added USDC on Coinbase Prime would help the company gain assets and aid Coinbase’s ability to conduct similar proposals, while also potentially growing the total addressable market of USDC and boosting its revenue share. Oppenheimer rates Coinbase’s stock with an outperform and $107 price target. Shares were trading around $65.45 apiece in Friday’s session.