Cryptocurrency exchange Coinbase (COIN) could be one of the biggest corporate beneficiaries of the United States’ first comprehensive crypto legislation, the GENIUS Act, which was signed into law in July 2025 and established a federal framework for stablecoin issuance and oversight. Coinbase Stablecoin Revenue Jumps 48% According to Bloomberg analysts Paul Gulberg and Samuel Radowitz, the new framework may significantly strengthen Coinbase’s fast-growing stablecoin business, particularly if adoption of dollar-backed tokens expands into mainstream payments. Related Reading: Bitcoin May Be In A Price Slump—But Adoption Is In A Bull Market In 2025, Coinbase generated an estimated $1. 35 billion in revenue tied to stablecoins, a 48% increase from $911 million in 2024