What happens if you build the second-largest stablecoin in the world, with over $60B in market cap – but someone else earns most of the profits?
That’s exactly the situation that Circle finds itself in with $USDC.
But while it’s a bit awkward for Circle, $USDC’s success highlights a major crypto win, setting the stage for other new crypto to explode as the year progresses.
Coinbase Earns Majority of the Revenue Share from $USDC Reserves
A recent filing has unveiled that Coinbase Global receives 50% of the residual revenue generated from the reserves backing Circle’s $USDC stablecoin.
This revenue-sharing agreement is influenced by the amount of $USDC held on Coinbase’s exchange, directly impacting Coinbase’s share of Circle’s reserve income.
It’s a great deal for Coinbase, which made $908M off $USDC in 2024 and is one of the linchpins of the crypto economy with its established and upcoming token listings.
And it’s not a one-off for the exchange:
Instead, it’s part of a pretty decent business model for one of the world’s biggest crypto exchanges. In 2024, Coinbase reported net income of $4.68 per share; $COIN currently trades at $174 per share.
The deal works out pretty well for Circle too. The company made $155M in net profit in 2024, and was the first stablecoin to be approved in Japan.
With that $155M net coming off total revenue of $1.67B, Circle is ready to go public.
No April Fools: Circling an IPO Date
Reports indicate a substantial minting of 250M $USDC at the USDC Treasury, signaling increased demand for the stablecoin.
Large-scale minting events often indicate heightened trading activity, growth in decentralized finance (DeFi) applications, or increased institutional adoption within the cryptocurrency market.
In this case, the minting might be related to the big news that Circle filed on April 1, 2025 with the SEC to go public on the NYSE with the sticker CRCL.
With that move, Circle joins other big crypto names like Kraken and BitGo in pursuing public listing under an increasingly-friendly crypto regime.
Circle’s $USDC is making moves in other ways also. Sony just announced that the company will support $USDC purchases online in Singapore. Facilitated by Crypto.com’s payment system, the move is a big win for Circle and USDC as the company’s first local move into direct crypto payments.
It also highlights the positive outlook currently dominating the crypto scene. Several altcoins are poised to take advantage: here are three worth a closer look.
1. MIND of Pepe ($MIND) – Real-Time Intelligence, Hive-Mind Analysis, 289% Presale Staking
289% staking for MIND of Pepe ($MIND) during the presale – and the potential to radically change the AI agent scene after launch.
That’s a pretty appealing prospect for one of the hottest crypto presale and AI agent projects.
With $7.8M raised so far, the project intends to launch a fully-independent AI agent on X. The $MIND agent will learn from the smartest crypto analysts on X and generate game-changing intelligence – all exclusively for $MIND token holders.
The project positions $MIND for long-term success, with full control of 25% of the token supply and the ability to interact directly with the blockchain.
$MIND will even be able to launch its own tokens on Telegram, generating another exclusive offering for project participants.
You can learn more about how to buy MIND of Pepe and take a look at how and why we think $MIND could reach $0.00535 by the end of 2025. Tokens are currently priced at $0.0036524, so there’s room for big gains.
2. Best Wallet Token ($BEST) – Exclusive Presale Access for Leading Web3 Wallet
Poised to capture 40% of the non-custodial web3 wallet sector, Best Wallet Token ($BEST) takes a good wallet and makes it great.
$BEST token holders gain exclusive access to select crypto presales, plus lower transaction fees and increased staking rewards within the Best Wallet app.
Staking rewards currently stand at 135% APY; investors have already staked 196M $BEST so far.
Investors can earn points towards the Best Wallet token airdrop by registering and completing daily and one-time quests through the Best Wallet app and on the project’s social media.
Airdrops, staking, added utility – it’s all part of the reason we project that $BEST could reach $0.072 in 2025. Check out our guide on how to purchase Best Wallet token to learn more.
In the meantime, hit up the ongoing $BEST presale. The project has raised $11.5M so far with a token price of $0.024575.
3. Nexchain ($NEX) – True AI Blockchain
Nexchain ($NEX) aims to incorporate AI with the crypto economy on the most fundamental level by building the first-ever AI blockchain.
That means incorporating AI into fundamental aspects of the technology, including AI-based network optimizations, cross-chain compatibility, and adaptive governance positions.
It’s the first-ever layer-1 AI blockchain, and it holds a ton of potential. Interoperability and high transaction speeds alone would be significant advantages, but Nexchain adds a unique hybrid consensus, blending Proof-of-Stake and AI algorithms.
The use of AI-assisted consensus also helps to keep fees low and enables smart contracts 2.0, making Nexchain ideal for future development.
The project, in its early stages, has already drawn nearly $350K in the ongoing presale.
Sony’s USDC Payments Highlight New Crypto Potential
Sony’s support for $USDC payments for its products made waves, especially with other cryptos potentially to be added.
It’s yet another breakthrough in crypto adoption, highlighting the potential for other new cryptos to follow in USDC’s footsteps.
Do your own analysis, and never take anyone’s word without further research.
Just don’t miss the potential for any of these new cryptos to explode in 2025.
