BaseDiscount code
10% off eligible swap fees
Base referral code: 2ZTS468P. Sign up with this code to get 10% off eligible swap fees.
Affiliate link. We may earn a commission, at no extra cost to you.
At a glance
- What changed
- Coinbase reports record USDC on its platform, averaging $22 billion across its products in Q3 2026.
- Who it affects
- Coinbase customers and anyone following USDC and stablecoin adoption.
- When
- Posted by Coinbase on 29 October 2026, covering the third quarter.
What Coinbase said
Coinbase says USDC on its platform has reached a record. In a post on its official X account on 29 October 2026, the exchange wrote that it now holds more USDC on its platform than ever, "hitting an average of $22B USDC held in Coinbase products in Q3". It framed the number as part of what it calls the stablecoin takeover.
What the number covers
The figure is an average over the third quarter, July to September, not a balance on a single day. It covers USDC held across Coinbase products, and the post does not say how much sits in the main app, in Coinbase's wallet, with businesses or on Base. It also gives no comparison figure for earlier quarters, so the size of the increase is not stated.
Context
USDC is the dollar stablecoin issued by Circle, and Coinbase has leaned on it heavily this month. On 26 October it let customers route part of a direct deposit paycheck into USDC, and Base, its network, has been promoting USDC payments such as its Shopify checkout.
Our take
A record average balance shows more people are parking dollars as USDC rather than spending them straight away. If you want to hold or pay with USDC yourself, the Base app and Phantom both handle USDC on Base, and both are linked on this page. Check any rewards terms in the app itself, since this post does not mention them.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Coinbase reports a Q3 average of $22B USDC held in its productsToday (UTC)
PhantomPartner offer
10% of trading fees back for 3 months
Phantom referral code: findcodes. Sign up with this code to get 10% of trading fees back for 3 months.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
New users who sign up in the Phantom mobile app with this code get 10% of their own eligible trading fees back for three months from signup. Codes apply only at mobile-app signup and cannot be added later. Rebates are paid in CASH to the Phantom Cash balance after a $1 minimum; ID verification may be required. Perps and prediction markets are not available in every region; program terms apply and Phantom may change rates or end the program. Perps are unavailable in the US, UK and US-sanctioned jurisdictions; prediction markets are unavailable in the US, UK, Germany and sanctioned jurisdictions. Program eligibility depends on jurisdiction under the referral terms.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
