Coinbase CEO Brian Armstrong revealed that Coinbase processes nearly $1 trillion in stablecoin flows annually, with the platform holding close to $20 billion in USDC. Over the past year, the x402 proxy payment protocol handled more than 160 million proxy payments. Alec Lovett, Coinbase's Head of Infrastructure Products, stated that Base has processed $19 trillion in stablecoin transaction volume so far this year. According to Coinbase's Q1 financial report, the average USDC held across Coinbase products reached $19 billion, a record high, accounting for over 25% of USDC's circulation. (The Defiant) https://(wublock123.com)/news/coinbase-ceo-platform-handles-near-1-trillion-stablecoin-volume-year-62658