COINBASE HOLDS 30% OF ALL USDC, CAPTURED 50% OF ECONOMICS

Summary from the TLDR Crypto newsletter

Coinbase averaged $22B in USDC holdings in Q3, representing 30% of USDC's $73B market cap, and captured roughly 50% of all USDC economics over the past year – its 14th consecutive record quarter, up 49% year-over-year.