Coinbase to store more corporate, customer USDC holdings on Base

Coinbase wants to optimize its management process by storing more of its USDC holdings on Base. Cryptocurrency exchange Coinbase is planning to store more corporate and customer USD Coin (USDC) balances on Base, a layer-2 solution based on the OP Stack and developed by the exchange. According to Arkham Intelligence data, Coinbase currently holds less than 1% of its assets on Base, with the Bitcoin network accounting for over 70% and Ethereum for nearly 30%. Thus far, Coinbase appears to be storing only five tokens on Base, with a total value of $45.8 million. Among these tokens, the tokenized version of USDC dominates, representing over $37.3 million in the stablecoin.

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