STABLECOINS, AGENTIC MARKETS, AND A WIN FOR CRYPTO: JULY AT COINBASE

Summary from the TLDR Crypto newsletter

Mubadala Capital, a $600B AUM sovereign-backed fund, tokenized a major private-market strategy across Base, Solana, and Sui, with Coinbase adding the position to its own balance sheet. Marex began accepting USDC as initial margin for US-regulated futures and options via Coinbase infrastructure. Coinbase One members can lend USDC at ~7% APY with anytime withdrawal. Coinbase introduced USDC-BRL for Brazilian customers. It also added native x402 payment support to the CDP SDK in three lines of code and upgraded Coinbase for Agents with real-time order books, live pricing, and plain-English conditional execution. Coinbase won a lawsuit against the US government over a quiet anti-crypto policy and launched the Bitcoin Security Consortium alongside BlackRock, Fidelity, and Block to address quantum computing threats to the network.