Coinbase Global, Inc.

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares MSCI USA Equal Weighted ETF (Symbol: EUSA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $111.76 per unit.
With EUSA trading at a recent price near $100.40 per unit, that means that analysts see 11.32% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EUSA's underlying holdings with notable upside to their analyst target prices are ON Semiconductor Corp (Symbol: ON), Rivian Automotive Inc (Symbol: RIVN), and Coinbase Global Inc (Symbol: COIN). Although ON has traded at a recent price of $47.97/share, the average analyst target is 19.90% higher at $57.52/share. Similarly, RIVN has 18.53% upside from the recent share price of $12.41 if the average analyst target price of $14.71/share is reached, and analysts on average are expecting COIN to reach a target price of $366.89/share, which is 15.31% above the recent price of $318.17. Below is a twelve month price history chart comparing the stock performance of ON, RIVN, and COIN:
Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
ON Semiconductor Corp
ON
$47.97
$57.52
19.90%
Rivian Automotive Inc
RIVN
$12.41
$14.71
18.53%
Coinbase Global Inc
COIN
$318.17
$366.89
15.31%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Look Under The Hood: EUSA Has 11% Upside

The following are the top rated Financial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
WELLS FARGO & CO (WFC) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Wells Fargo & Company is a financial services company. The Company provides a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, to individuals, businesses and institutions. The Company operates through four segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Company provides consumer financial products and services, including checking and savings accounts, credit and debit cards, and auto, residential mortgage, and small business lending. In addition, the Company offers financial planning, private banking, investment management, and fiduciary services. It also provides financial solutions to businesses through products and services including traditional commercial loans and lines of credit, letters of credit, asset-based lending and leasing, trade financing, treasury management, and investment banking services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of WELLS FARGO & CO
SYNCHRONY FINANCIAL (SYF) is a large-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Synchrony Financial is a consumer financial services company focused on delivering digitally enabled product suites. The Company provides a range of credit products through financing programs it has established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. It offers private label, dual card, co-brand, and general-purpose credit cards, as well as short- and long-term installment loans, and savings products through Synchrony Bank (the Bank). The Company primarily manages its credit products through five sales platforms such as Home & Auto, Digital, Diversified & Value, Health & Wellness and Lifestyle. The Bank offers directly to retail, affinity relationships and commercial customers, a range of deposit products, including certificates of deposit, individual retirement accounts (IRAs), money market accounts, savings accounts and sweep and affinity deposits.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of SYNCHRONY FINANCIAL
FIRSTCASH HOLDINGS INC (FCFS) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: FirstCash Holdings, Inc. is an operator of pawn stores in the United States and Latin America. The Company is a provider of technology-driven, retail point-of-sale (POS) payment solutions focused on serving cash and credit-constrained consumers in the U.S. and Puerto Rico. It operates two business lines: pawn operations and retail POS payment solutions, which are organized into three reportable segments. The U.S. pawn segment consists of pawn operations in 29 U.S. states and the District of Columbia, while the Latin America pawn segment consists of pawn operations in Mexico, Guatemala, Colombia and El Salvador. The retail POS payment solutions segment consists of the operations of American First Finance, LLC (AFF) in all 50 states in the U.S., the District of Columbia and Puerto Rico. Its pawn stores buy and sell a variety of jewelry, electronics, appliances, sporting goods, musical instruments and other merchandise, and help customers in providing small non-recourse pawn loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of FIRSTCASH HOLDINGS INC
COINBASE GLOBAL INC (COIN) is a large-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform for its customers to engage with crypto assets and offers critical infrastructure for the onchain economy. It offers products and services to three customer groups: Consumers, Institutions, and Developers. Consumers include retail customers seeking to invest in or trade crypto assets and engage onchain. Institutions consist of businesses that include market makers, asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations. Developers include entrepreneurs, creators, merchants, crypto asset issuers, organizations and financial institutions, and other groups building decentralized protocols, applications, products, or other services onchain. Its transaction products include prime trading, base protocol, Coinbase Wallet, and others. It also offers subscription products and other services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of COINBASE GLOBAL INC
BLUE OWL CAPITAL CORP (OBDC) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Blue Owl Capital Corporation is a specialty finance company focused on lending to United States middle-market companies. The Companys investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns, including senior secured, subordinated, or mezzanine loans and equity-related instruments. Its investment strategy is intended to generate favorable returns across credit cycles with an emphasis on preserving capital. It has investments in approximately 219 portfolio companies. Its portfolio by industry includes Internet software and services, insurance, food and beverage, asset-based lending and fund finance, healthcare providers and services, healthcare technology, buildings and real estate, consumer products, manufacturing, aerospace and defense, distribution, business services, and others. It is externally managed by Blue Owl Credit Advisors LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BLUE OWL CAPITAL CORP
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea's Top Financial Stocks Based On Peter Lynch - 8/4/2025

The S&P 500 Index ($SPX) (SPY) Friday closed down -1.60%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.96%. September E-mini S&P futures (ESU25) fell -1.67%, and September E-mini Nasdaq futures (NQU25) fell -2.03%.
Stock indexes plunged on Friday, with the S&P 500 and Nasdaq 100 sliding to 2-week lows and the Dow Jones Industrials falling to a 5-week low. Stocks retreated on Friday due to concerns that tariffs will curb economic growth, and the decline accelerated after weaker-than-expected US reports on monthly payrolls and manufacturing activity heightened economic concerns and sparked risk-off sentiment in asset markets.
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Late Thursday, Mr. Trump announced a slew of new tariffs, including a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US. Also, Amazon.com dropped more than -8% to weigh on technology stocks after it projected weaker-than-expected Q3 operating income.
Signs of weakness in the US economy also weighed on stocks after the monthly July payroll report showed US job growth slowed more than expected, and the Jul ISM manufacturing index showed manufacturing activity unexpectedly contracted the most in 9 months.
Stocks fell to their lows Friday on heightened geopolitical tension between the US and Russia after President Trump said the US was moving two nuclear submarines to "appropriate regions" in response to what he called "highly provocative statements" from former Russian President Medvedev.
However, on the positive side, bond yields sank on the weaker-than-expected US economic reports. The 10-year T-note yield fell to a 1-month low of 4.20% as the weaker-than-expected economic reports boosted the chances of a Fed rate cut at the September FOMC meeting to 93% from 40% before the reports were released.
Jul nonfarm payrolls rose by +73,000, weaker than expectations of +104,000, and Jun nonfarm payrolls were revised sharply downward to +14,000 from the previously reported +147,000. The US Jul unemployment rate rose +0.1 to 4.2%, right on expectations.
Jul average hourly earnings rose +3.9% y/y, stronger than expectations of +3.8% y/y.
The US Jul ISM manufacturing index unexpectedly fell -1.0 to 48.0, weaker than expectations of an increase to 49.5 and the steepest pace of contraction in 9 months.
US Jun construction spending unexpectedly fell -0.4% m/m, weaker than expectations of no change.
The University of Michigan US Jul consumer sentiment index was revised lower to 61.7 from 61.8, weaker than expectations of an upward revision to 62.0.
Atlanta Fed President Raphael Bostic said inflation is still further from target than employment, and he's not ready to increase projections for 2025 interest rate cuts.
Cleveland Fed President Beth Hammack said the US labor market still appears healthy, though today's fresh job numbers constituted a "disappointing report to be sure."
In the latest tariff news, President Trump late Thursday raised tariffs on some Canadian goods to 35% from 25% and announced a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US, effective after midnight on August 7. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 93% at the September 16-17 FOMC meeting and 73% at the following meeting on October 28-29.
This week was the earnings season's busiest week, with 38% of the stocks in the S&P 500 reporting quarterly earnings, double the amount reported last week. Early results show that S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. With over 55% of S&P 500 firms having reported, around 82% exceeded profit estimates.
Overseas stock markets on Friday settled lower. The Euro Stoxx 50 plunged to a 3-month low and closed down sharply by -2.90%. China's Shanghai Composite slid to a 1.50-week low and closed down -0.37%. Japan's Nikkei Stock 225 closed down -0.66%.
Interest Rates
September 10-year T-notes (ZNU25) Friday closed up sharply by 1-4/32 points. The 10-year T-note yield fell -15.8 bp to 4.216%. Sep T-notes recovered from overnight losses and rallied to a 1-month high Friday, and the 10-year T-note yield fell to a 1-month low of 4.200%. T-notes rallied sharply Friday on signs of weakness in the US labor market after Jul nonfarm payrolls rose less than expected and Jun was revised sharply lower. Also, the weakness in US manufacturing activity was bullish for T-notes after the Jul ISM manufacturing index unexpectedly contracted by the most in 9 months. Falling inflation expectations also gave T-note prices a lift after the 10-year breakeven inflation rate fell to a 4-week low on Friday of 2.316%. The weak payrolls and ISM manufacturing reports boosted the chance of a Fed rate cut at next month's FOMC meeting to 93% from 40% before the reports.
T-notes initially moved lower early Friday on inflation risks following President Trump's announcement of new tariffs on all countries with trade surpluses against the US. Also, Friday's payroll report, which showed US Jul average hourly earnings rose more than expected, is hawkish for Fed policy.
European government bond yields on Friday moved lower. The 10-year German bund yield fell to a 1-week low of 2.639% and finished down -1.6 bp to 2.679%. The 10-year UK gilt yield fell to a 4-week low of 4.509% and finished down -4.1 bp to 4.528%.
Eurozone Jul CPI rose +2.0% y/y, stronger than expectations of +1.9% y/y. Jul core CPI rose +2.3% y/y, right on expectations.
The German Jul S&P manufacturing PMI was revised downward by 0.1 to 49.1 from the previously reported 49.2.
The UK Jul S&P manufacturing PMI was revised downward by -0.2 to 48.0 from the previously reported 48.2.
Swaps are discounting the chances at 14% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Amazon.com (AMZN) closed down more than -8% to lead losers in the Dow Jones Industrials and Nasdaq 100 after forecasting Q3 operating income of $15.5 billion-$20.5 billion, the midpoint below the consensus of $19.42 billion.
Chip stocks are under pressure today, weighing on the overall market. Marvell Technology (MRVL) closed down more than -6% and Micron Technology (MU) closed down more than -4%. Also, Nvidia (NVDA), Advanced Micro Devices (AMD), GlobalFoundries (GFS), Intel (INTC), and ARM Holdings Plc (ARM) closed down more than -2%. In addition, Broadcom (AVGO), Microchip Technology (MCHP), and NXP Semiconductors NV (NXPI) closed down more than -1%.
Fluor (FLR) closed down more than -27% after reporting Q2 adjusted EPS of 43 cents, weaker than the consensus of 56 cents, and cutting its full-year adjusted EPS forecast to $1.95-$2.15 from a previous estimate of $2.25-$2.75, well below the consensus of $2.53.
Eastman Chemical (EMN) closed down more than -19% to lead losers in the S&P 500 after reporting Q2 adjusted EPS of $1.60, weaker than the consensus of $1.74.
Coinbase Global (COIN) closed down more than -16% after reporting Q2 total revenue of $1.50 billion, below the consensus of $1.59 billion.
WW Grainger (GWW) closed down more than -10% after reporting Q2 adjusted EPS of $9.97, below the consensus of $10.06, and cutting its full-year adjusted EPS forecast to $38.50-$40.25 from a previous forecast of $39.00-$41.50.
Moderna (MRNA) closed down more than -6% after narrowing its full-year revenue forecast to $1.5 billion to $2.2 billion from a previous forecast of $1.5 billion to $2.5 billion, weaker than the consensus of $2.07 billion.
Avis Budget Group (CAR) closed down more than -3% after Goldman Sachs downgraded the stock to sell from neutral with a price target of $105.
Reddit (RDDT) closed up more than +17% after reporting Q2 revenue of $499.6 million, stronger than the consensus of $425.3 million, and forecasting Q3 revenue of $535 million-$545 million, well above the consensus of $472.7 million.
Homebuilding stocks rallied Friday after the 10-year T-note yield fell to a 1-month low, a supportive factor for housing demand. DR Horton (DHI) closed up more than +5%, Lennar (LEN) and PulteGroup (PHM) closed up more than +3%, and Toll Brothers (TOL) closed up more than +2%.
Monolithic Power Systems (MPWR) closed up more than +10% to lead gainers in the S&P 500 after reporting Q2 adjusted EPS of $4.21, stronger than the consensus of $4.12.
Kimberly-Clark (KMB) closed up more than +4% after reporting Q2 adjusted EPS of $1.92, above the consensus of $1.68.
ResMed (RMD) closed up more than 2% after reporting Q4 adjusted EPS of $2.55, better than the consensus of $2.49.
Eli Lilly (LLY) closed up more than +2% after the Washington Post reported that the US government plans to experiment with covering weight-loss drugs for federal health programs.
Earnings Reports (8/4/2025)
Axon Enterprise Inc (AXON), Coterra Energy Inc (CTRA), Diamondback Energy Inc (FANG), Equity Residential (EQR), IDEXX Laboratories Inc (IDXX), Loews Corp (L), ON Semiconductor Corp (ON), ONEOK Inc (OKE), Palantir Technologies Inc (PLTR), SBA Communications Corp (SBAC), Simon Property Group Inc (SPG), Tyson Foods Inc (TSN), Vertex Pharmaceuticals Inc (VRTX), Waters Corp (WAT), Williams Cos Inc/The (WMB).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Sharply Lower on Economic Risks

The company delivered $153 million in revenue, a 5% quarter-over-quarter revenue decline, but net income reached $219.5 million, reversing a GAAP net loss in the prior quarter, primarily due to a mark-to-market gain from Bitcoin (CRYPTO:BTC) appreciation.
This summary extracts three distinct insights on Riot’s pivot to data centers, operational improvements, and capital strategy, each with direct, unique investment implications.
Riot Platforms accelerates shift to data center platform
Riot began building its team and preparing for the development of high-performance computing (HPC) data centers, hiring Jonathan Gibbs as Chief Data Center Officer and amassing 858 acres at Corsicana to support up to 1 gigawatt of capacity. Their newly acquired hyperscale leadership and land position coincide with growing U.S. power demand and tightening lead times for data center development near Dallas and Austin.
"With the hiring of Jonathan Gibbs, Riot's Chief Data Center Officer, and other highly capable professionals from the traditional data center industry, we find ourselves at the beginning of another exciting chapter in Riot's story. With this new capability, we are about to undergo the next step of our evolution as a company. With the ability to build and develop high-performance compute data centers, we will transform Riot by establishing a robust and scalable data center segment. Successful execution in this regard is Riot's top priority."
-- Jason Les, CEO
This shift positions Riot to capitalize on structurally higher valuation multiples in the data center sector, moving beyond Bitcoin mining cyclicality and securing a foothold in the rapidly expanding HPC infrastructure market.
Operational gains drive Riot Platforms to industry-leading mining efficiency
Riot increased self-mining hash rate by 5% quarter-over-quarter to 35.4 exahash even as the global network hash rate outpaced Riot's growth at 9% quarter-over-quarter. Riot produced 1,406 bitcoins, down slightly from 1,530 bitcoins in the previous quarter. Year-over-year, hash rate utilization rose from 61% to 87%, contributing to a 50% gross margin for the Bitcoin mining segment and placing Riot among the most operationally efficient miners in the sector.
"Most notably, Riot's year-over-year hash rate utilization increased from 61% to 87%, demonstrating our strategic focus on improving operations across all of our sites, even as we significantly scaled our operations and now positioning us among the most efficient operators in the industry."
-- Colin Yee, CFO
This operational efficiency bolsters Riot's ability to generate consistent cash flows, funding strategic transitions.
Bitcoin-driven liquidity enables Riot Platforms to fund data center expansion without dilutive equity raises
Riot ended the quarter with $330 million in cash and over 19,000 bitcoins, representing $2.4 billion in liquidity, and implemented a $200 million Bitcoin-collateralized loan with Coinbase (NASDAQ:COIN). Proceeds from ongoing Bitcoin production sales and prudent capital allocation reduced reliance on at-the-market (ATM) equity issuance, aligning funding with shareholder value accretion.
"We continue to sell our monthly Bitcoin production in order to finance our ongoing operations while raising additional funds via a $200 million Bitcoin collateralized financing facility with Coinbase, allowing us to reduce issuance of stock through our ATM and fund our multiple growth opportunities, driving long-term shareholder value creation."
-- Jason Les, CEO
This approach minimizes dilution risk and preserves ownership as Riot reallocates capital into growth segments with potentially higher returns than legacy mining.
Looking Ahead
Management raised self-mining hash rate guidance for fiscal fourth quarter 2025 from 38.4 exahash to 40 exahash, with guidance for fiscal first quarter 2026 set at 45 exahash, targeting maintenance of roughly a 4% global network share through 2026.
Riot expects to complete the basis of design for its Corsicana data center by the end of fiscal third quarter 2025 (period ending Sept. 30, 2025), backed by already-secured delivery of 600-megawatt substation infrastructure and land assemblage to support up to 1 gigawatt of data center capacity. No explicit long-term revenue targets or lease signings were provided for the data center segment in this call.
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JesterAI is a Foolish AI, based on a variety of Large Language Models (LLMs) and proprietary Motley Fool systems. All articles published by JesterAI are reviewed by our editorial team, and The Motley Fool takes ultimate responsibility for the content of this article. JesterAI cannot own stocks and so it has no positions in any stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Riot Platforms Swings to Q2 Profit

Key Points
USDC is designed to stay at $1, and that’s likely to hold true for years to come.
Stablecoins like USDC aren't really investment vehicles, but tools that make your crypto-trading experience a little smoother.
I'm not sticking my neck out very far today. It's still worth saying, though: The USDC (CRYPTO: USDC) stablecoin will be worth $1 per coin in 2035.
There you go. The same coin is also worth $1 today, and I don't expect much volatility over the next decade. Any time you sample USDC's latest price, it should be no more than 0.1% away from the intended value. Right now, for example, it's 0.02% below the $1 price target, and that's not a typo. I really mean two one-hundredths of one percent. That's how stable this coin is.
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I could say the same thing about Tether (CRYPTO: USDT), Ripple USD (CRYPTO: RLUSD), and TrueUSD (CRYPTO: TUSD). Applying the same statement to algorithmic and crypto-backed options like Dai (CRYPTO: DAI) would be a slightly greater risk, but I'm feeling adventurous today -- all five of these robust stablecoins will be worth $1 in 10 years.
And that's exactly what makes them valuable. Let me explain.
The unsung heroes of your crypto toolbox
A cryptocurrency that sticks closely to $1 for decades may not sound like a great investment. And you're right -- stablecoins exist for a different purpose. They don't build wealth over time and they don't execute smart contracts. Some of them offer reasonable interest rates, like a savings account in the cryptocurrency space. But generally speaking, stablecoins aren't great investments on their own.
Most crypto investors end up using stablecoins from time to time -- perhaps without even noticing it. Let's say you just opened a Coinbase (NASDAQ: COIN) account, sending in $1,000 from a traditional bank account to fund your first crypto investments. The first thing that happens is that Coinbase converts the $1,000 dollar-based funding into USDC.
Coinbase classifies your USDC balance as a "cash" position. It's presented right next to a US dollar balance, which is available if you insist but usually shows a zero-dollar total. You see, USDC is a much more convenient way for Coinbase to move dollar-based funds around in its systems. The company also has a direct financial interest in USDC, having co-launched it in a collaboration with Circle Internet Group (NYSE: CRCL) seven years ago.
So Coinbase prefers trading in your dollars for USDC coins, and then you can treat that stablecoin exactly as you would manage an actual cash balance in the same account. Coinbase currently offers a 4.1% annual percentage yield on USDC coins, but direct dollar holdings don't earn any interest. Just one more reason to store your old-school cash in the newfangled stablecoin format.
How USDC and Tether keep their dollar peg
The largest stablecoins, like Tether and USDC, are backed by actual cash reserves. The coin managers match the total market value of their stablecoins with an equal amount of financial assets, usually in the form of interest-bearing federal Treasury bonds.
That may sound boring, but it's a classic business model with strong echoes of traditional banking. It's a lucrative system, too. Circle Internet generated $1.66 billion of revenue from its interest-bearing cash reserves in 2024. The USDC backing accounts held $43.9 billion of cash equivalents at the end of last year. Coinbase reported $910.5 million of stablecoin revenues for the same period, reflecting its USDC interests.
So there are strong ties between the stablecoin universe and the good old U.S. dollar. Stablecoins are not investments, but handy tools for moving money around in an all-digital system. And they form a user-friendly bridge between the two economies. I think of the decent interest rate as a thank-you note, rewarding me for helping Coinbase run a smoother trading platform.
The risks behind algorithmic stablecoins
The cash reserves behind leading stablecoins such as USDC, TrueUSD, and Tether give me confidence in their long-term robustness. Come back in five years, or 10, or 20, and I expect their prices to stay exactly where they are today. As long as their backers remain in business, the stablecoins will be worth a dollar.
In a perfect world, I'd have the same unshakable confidence in experimental stablecoins like Dai. However, Dai's backers don't hold massive cash reserves. Instead, the stablecoin's $1 value relies on mathematical algorithms and some Ethereum (CRYPTO: ETH) holdings. Sudden shifts in Ethereum's valuation could move Dai's value far away from $1, at least temporarily. The algorithmic stablecoin meltdown of 2022 demonstrated the risks of this approach, though Dai's Ethereum basis should be reliable enough. That's why I'm keeping an asterisk next to this particular $1 price target.
But yeah, most of today's leading stablecoins will surely be worth $1 per coin in 2025, including USDC. And that's alright. I'm not really investing in USDC, anyway.
Should you invest $1,000 in USDC right now?
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Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,090,257!*
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Anders Bylund has positions in Ethereum. The Motley Fool has positions in and recommends Ethereum. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Prediction: USDC Will Be Worth $1 in 10 Years

The S&P 500 Index ($SPX) (SPY) today is down -1.60%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.77%. September E-mini S&P futures (ESU25) are down -1.67%, and September E-mini Nasdaq futures (NQU25) are down -1.87%.
Stock indexes are sharply lower today, with the S&P 500 and Nasdaq 100 falling to 2-week lows and the Dow Jones Industrials falling to a 5-week low. Stocks are slumping today after President Trump's sweeping import tariffs raised concern about the outlook for global economic growth. Late Thursday, Mr. Trump announced a slew of new tariffs, including a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US. Also, Amazon.com is down more than -7% to weigh on technology stocks after it projected weaker-than-expected Q3 operating income.
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Stocks also tumbled today on signs of weakness in the US economy after the monthly July payroll report showed US job growth slowed more than expected, and the Jul ISM manufacturing index showed manufacturing activity unexpectedly contracted the most in 9 months.
However, on the positive side, bond yields sank on the weaker-than-expected US economic reports. The 10-year T-note yield fell to a 1-month low of 4.224% as the weaker-than-expected economic reports boosted the chances of a Fed rate cut at the September FOMC meeting to 84% from 40% before the reports were released.
Jul nonfarm payrolls rose by +73,000, weaker than expectations of +104,000, and Jun nonfarm payrolls were revised sharply downward to +14,000 from the previously reported +147,000. The US Jul unemployment rate rose +0.1 to 4.2%, right on expectations.
Jul average hourly earnings rose +3.9% y/y, stronger than expectations of +3.8% y/y.
The US Jul ISM manufacturing index unexpectedly fell -1.0 to 48.0, weaker than expectations of an increase to 49.5 and the steepest pace of contraction in 9 months.
US Jun construction spending unexpectedly fell -0.4% m/m, weaker than expectations of no change.
The University of Michigan US Jul consumer sentiment index was revised lower to 61.7 from 61.8, weaker than expectations of an upward revision to 62.0.
Atlanta Fed President Raphael Bostic said inflation is still further from target than employment, and he's not ready to increase projections for 2025 interest rate cuts.
Cleveland Fed President Beth Hammack said the US labor market still appears healthy, though today's fresh job numbers constituted a "disappointing report to be sure."
In the latest tariff news, President Trump late Thursday raised tariffs on some Canadian goods to 35% from 25% and announced a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US, effective after midnight on August 7. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 85% at the September 16-17 FOMC meeting and 68% at the following meeting on October 28-29.
This week was the earnings season's busiest week, with 38% of the stocks in the S&P 500 reporting quarterly earnings, double the amount reported last week. The earnings results of Magnificent Seven members will be front and center, with Apple and Amazon.com reporting after today's closing. Early results show that S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. With over 55% of S&P 500 firms having reported, around 82% exceeded profit estimates.
Overseas stock markets today are lower. The Euro Stoxx 50 plunged to a 3-month low and is down sharply by -2.80%. China's Shanghai Composite slid to a 1.50-week low and closed down -0.37%. Japan's Nikkei Stock 225 closed down -0.66%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +29 ticks. The 10-year T-note yield is down -12.9 bp to 4.245%. Sep T-notes recovered from overnight losses and rallied to a 1-month high today, and the 10-year T-note yield fell to a 1-month low of 4.224%. T-notes rallied sharply today on signs of weakness in the US labor market after Jul nonfarm payrolls rose less than expected and Jun was revised sharply lower. T-notes raced to their highs after the Jul ISM manufacturing index unexpectedly contracted by the most in 9 months. The weak payrolls and ISM manufacturing reports boosted the chance of a Fed rate cut at next month's FOMC meeting to 85% from 40% before the report.
T-notes initially moved lower today on inflation risks following President Trump's announcement of new tariffs on all countries with trade surpluses against the US. Also, today's payroll report, which showed US Jul average hourly earnings rose more than expected, is hawkish for Fed policy.
European government bond yields today are moving lower. The 10-year German bund yield fell to a 1-week low of 2.639% and is down -2.5 bp to 2.670%. The 10-year UK gilt yield fell to a 4-week low of 4.509% and is down -3.4 bp to 4.534%.
Eurozone Jul CPI rose +2.0% y/y, stronger than expectations of +1.9% y/y. Jul core CPI rose +2.3% y/y, right on expectations.
The German Jul S&P manufacturing PMI was revised downward by 0.1 to 49.1 from the previously reported 49.2.
The UK Jul S&P manufacturing PMI was revised downward by -0.2 to 48.0 from the previously reported 48.2.
Swaps are discounting the chances at 16% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Amazon.com (AMZN) is down more than -7% to lead losers in the Dow Jones Industrials and Nasdaq 100 after forecasting Q3 operating income of $15.5 billion-$20.5 billion, the midpoint below the consensus of $19.42 billion.
Chip stocks are under pressure today, weighing on the overall market. Marvell Technology (MRVL) is down more than -7%. Also, Micron Technology (MU), Microchip Technology (MCHP), Advanced Micro Devices (AMD), GlobalFoundries (GFS), and ARM Holdings Plc (ARM) are down more than -3%. In addition, Broadcom (AVGO), Intel (INTC), and NXP Semiconductors NV (NXPI) are down more than -2%.
Fluor (FLR) is down more than -32% after reporting Q2 adjusted EPS of 43 cents, weaker than the consensus of 56 cents, and cutting its full-year adjusted EPS forecast to $1.95-$2.15 from a previous estimate of $2.25-$2.75, well below the consensus of $2.53.
Eastman Chemical (EMN) is down more than -21% to lead losers in the S&P 500 after reporting Q2 adjusted EPS of $1.60, weaker than the consensus of $1.74.
Coinbase Global (COIN) is down more than -14% after reporting Q2 total revenue of $1.50 billion, below the consensus of $1.59 billion.
WW Grainger (GWW) is down more than -7% after reporting Q2 adjusted EPS of $9.97, below the consensus of $10.06, and cutting its full-year adjusted EPS forecast to $38.50-$40.25 from a previous forecast of $39.00-$41.50.
Moderna (MRNA) is down more than -7% after narrowing its full-year revenue forecast to $1.5 billion to $2.2 billion from a previous forecast of $1.5 billion to $2.5 billion, weaker than the consensus of $2.07 billion.
Avis Budget Group (CAR) is down more than -4% after Goldman Sachs downgraded the stock to sell from neutral with a price target of $105.
Reddit (RDDT) is up more than +20% after reporting Q2 revenue of $499.6 million, stronger than the consensus of $425.3 million, and forecasting Q3 revenue of $535 million-$545 million, well above the consensus of $472.7 million.
Homebuilding stocks are climbing today after the 10-year T-note yield fell to a 1-month low, a supportive factor for housing demand. DR Horton (DHI) is up more than +4%, Lennar (LEN) and PulteGroup (PHM) are up more than +3%, and Toll Brothers (TOL) is up more than +2%.
Monolithic Power Systems (MPWR) is up more than +7% to lead gainers in the S&P 500 after reporting Q2 adjusted EPS of $4.21, stronger than the consensus of $4.12.
Kimberly-Clark (KMB) is up more than +4% to lead gainers in the S&P 500 after reporting Q2 adjusted EPS of $1.92, above the consensus of $1.68.
AES Corp (AES) is up more than 3% after forecasting full-year adjusted EPS of $2.10 to $2.26, the midpoint above the consensus of $2.14.
Eli Lilly (LLY) is up more than +2% after the Washington Post reported that the US government plans to experiment with covering weight-loss drugs for federal health programs.
Earnings Reports (8/1/2025)
Cboe Global Markets Inc (CBOE), Chevron Corp (CVX), Church & Dwight Co Inc (CHD), Colgate-Palmolive Co (CL), Dominion Energy Inc (D), Exxon Mobil Corp (XOM), Franklin Resources Inc (BEN), Kimberly-Clark Corp (KMB), Linde PLC (LIN), LyondellBasell Industries NV (LYB), Moderna Inc (MRNA), Regeneron Pharmaceuticals Inc (REGN), T Rowe Price Group Inc (TROW), WW Grainger Inc (GWW).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tariffs and Economic Jitters Hammer Stocks

Coinbase Global, Inc. COIN reported second-quarter 2025 net operating earnings per share of 12 cents, which missed the Zacks Consensus Estimate by 89.9%. The bottom line decreased 88.8% year over year.
COIN witnessed lower crypto volatility and lower transaction revenue in the quarter while operating expenses increased.
Operational Update
Total trading volume increased 4.9% year over year to 237 million in the reported quarter. The Zacks Consensus Estimate was pegged at 235 million.
Total revenues of $1.5 billion missed the Zacks Consensus Estimate by 0.5%. The top line, however, increased 3.2% year over year on higher transaction revenues, subscription and services revenues and other revenues.
Coinbase Global, Inc. Price, Consensus and EPS Surprise
Total transaction revenues decreased 2.1% year over year to $764.3 million in the quarter. The decline was due to lower consumer transaction revenues as well as institutional transaction revenues. The Zacks Consensus Estimate was pegged at $795 million.
Total subscription and services revenues increased 9.5% year over year to $655.8 million in the reported quarter. The growth was driven by higher stablecoin revenues. The Zacks Consensus Estimate was pegged at $692 million.
Total operating expenses increased 37.5% to $1.5 billion in the quarter due to higher transaction expense, technology and development, sales and marketing and general and administrative expenses as well as other operating expense.
Adjusted EBITDA was $512 million in the reported quarter, which fell 3.2% from the year-ago quarter.
Financial Update
Coinbase exited the second quarter with cash and cash equivalents of $7.5 billion as of June 30, 2025, down 11.8% from 2024-end.
As of June 30, 2025, long-term debt increased 62.6% from 2024-end to $2.9 billion.
Shareholders' equity was $12.1 billion at second-quarter 2025-end, up 17.7% from 2024-end.
Net cash provided by operating activities was $145.7 million in first-half 2025, a drop of 83.7% year over year.
Q3 2025 Outlook
Coinbase expects subscription and services revenues to be in the range of $665-$745 million, driven primarily by higher average crypto prices and stablecoin revenues.
Transaction expenses are expected to be in the mid-teens as a percent of net revenues.
Coinbase expects technology and development and general and administrative expenses to be in the range of $800-$850 million, driven by headcount growth to support international expansion, new product initiatives and strengthening of customer support & security functions.
Coinbase expects sales and marketing expenses to increase quarter over quarter to $190-$290 million, driven by potential variability in performance marketing and customer USDC balances in Coinbase products, which drive USDC reward.
Zacks Rank
COIN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer Releases
American Express Company AXP reported second-quarter 2025 earnings per share (EPS) of $4.08, which beat the Zacks Consensus Estimate by 5.7%. The bottom line climbed 17% year over year. Total revenues net of interest expense amounted to $17.9 billion, which outpaced the Zacks Consensus Estimate by 1%. The top line improved 9% year over year in the quarter under review.
Network volumes of $472 billion rose 7% year over year in the second quarter, driven by higher U.S. consumer spending. Total interest income of $6.3 billion increased 8% year over year and beat the consensus mark by 0.4%.
American Express still anticipates revenues to increase between 8% and 10% in 2025 from the 2024 level of $65.9 billion. Management expects EPS in the range of $15-$15.50, the midpoint of which indicates an improvement of 8.9% from the 2024 level of $14.01.
Bread Financial Holdings’ BFH operating income of $3.14 per share for the second quarter of 2025 beat the Zacks Consensus Estimate by 69.7%. The bottom line improved 18% year over year. Revenues decreased 1.1% year over year to $929 million. The top line also missed the consensus estimate by 0.9%.
Credit sales of $6.8 billion increased 4%, driven by new partner growth and increased general-purpose spending. Our estimate was $6.6 billion. Average loans of $17.7 billion decreased 1%.
Management estimates average receivables to be flat to slightly down from 2024. It expects average credit card and other loans to be flat to slightly down from the 2024 level. Total revenues are estimated to be flat year over year. The net loss rate is guided in the range of 7.8-7.9%.
Virtu Financial’s VIRT second-quarter operating income of $1.53 per share for the second quarter of 2025 beat the Zacks Consensus Estimate by 0.8%. The bottom line improved 84.3% year over year. Revenues increased 47.5% year over year to $929 million. The top line also beat the consensus estimate by 9.4%.
Adjusted EBITDA increased 69.8% to $369.4 million. Adjusted EBITDA margin of 65.1% expanded 860 bps year over year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Coinbase Q2 Earnings and Revenues Miss Estimates, Volumes Rise Y/Y

The S&P 500 Index ($SPX) (SPY) today is down -1.70%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.01%. September E-mini S&P futures (ESU25) are down -1.75%, and September E-mini Nasdaq futures (NQU25) are down -2.05%.
Stock indexes are sharply lower today, with the S&P 500 and Nasdaq 100 falling to 2-week lows and the Dow Jones Industrials falling to a 5-week low. Stocks are slumping today after President Trump's sweeping import tariffs raised concern about the outlook for global economic growth. Late Thursday, Mr. Trump announced a slew of new tariffs, including a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US. Also, Amazon.com is down more than -6% to weigh on technology stocks after it projected weaker-than-expected Q3 operating income.
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Stocks also tumbled today after today's monthly payroll report showed US job growth slowed more than expected. However, bond yields sank on the weaker-than-expected July payroll report. The 10-year T-note yield fell to a 4-week low of 4.241% as the smaller-than-expected increase in payrolls boosted the chances of a Fed rate cut at the September FOMC meeting to 85% from 40% before the report was released.
Jul nonfarm payrolls rose by +73,000, weaker than expectations of +104,000, and Jun nonfarm payrolls were revised sharply downward to +14,000 from the previously reported +147,000. The US Jul unemployment rate rose +0.1 to 4.2%, right on expectations.
Jul average hourly earnings rose +3.9% y/y, stronger than expectations of +3.8% y/y.
In the latest tariff news, President Trump late Thursday raised tariffs on some Canadian goods to 35% from 25% and announced a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US, effective after midnight on August 7. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Later today, the markets will focus on the release of the Jul ISM manufacturing index, which is expected to increase by +0.5 to 49.5. Also, the University of Michigan Jul consumer sentiment index is expected to be revised higher by +0.2 to 62.0.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 85% at the September 16-17 FOMC meeting and 56% at the following meeting on October 28-29.
This week was the earnings season's busiest week, with 38% of the stocks in the S&P 500 reporting quarterly earnings, double the amount reported last week. The earnings results of Magnificent Seven members will be front and center, with Apple and Amazon.com reporting after today's closing. Early results show that S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. With over 55% of S&P 500 firms having reported, around 82% exceeded profit estimates.
Overseas stock markets today are lower. The Euro Stoxx 50 fell to a 1.25-month low and is down -2.34%. China's Shanghai Composite slid to a 1.50-week low and closed down -0.37%. Japan's Nikkei Stock 225 closed down -0.66%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +26 ticks. The 10-year T-note yield is down -12.8 bp to 4.246%. Sep T-notes recovered from overnight losses and rallied to a 4-week high today, and the 10-year T-note yield fell to a 4-week low of 4.241%. T-notes rallied sharply today on signs of weakness in the US labor market after Jul nonfarm payrolls rose less than expected and Jun was revised sharply lower. The weak payrolls report boosted the chance of a Fed rate cut at next month's FOMC meeting to 85% from 40% before the report.
T-notes initially moved lower today on inflation risks following President Trump's announcement of new tariffs on all countries with trade surpluses against the US. Also, today's payroll report, which showed US Jul average hourly earnings rose more than expected, is hawkish for Fed policy.
European government bond yields today are moving lower. The 10-year German bund yield fell to a 1-week low of 2.661% and is down -3.3 bp to 2.662%. The 10-year UK gilt yield fell to a 4-week low of 4.524% and is down -4.3 bp to 4.526%.
Eurozone Jul CPI rose +2.0% y/y, stronger than expectations of +1.9% y/y. Jul core CPI rose +2.3% y/y, right on expectations.
The German Jul S&P manufacturing PMI was revised downward by 0.1 to 49.1 from the previously reported 49.2.
The UK Jul S&P manufacturing PMI was revised downward by -0.2 to 48.0 from the previously reported 48.2.
Swaps are discounting the chances at 16% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Amazon.com (AMZN) is down more than -6% to lead losers in the Dow Jones Industrials and Nasdaq 100 after forecasting Q3 operating income of $15.5 billion-$20.5 billion, the midpoint below the consensus of $19.42 billion.
Chip stocks are under pressure today, weighing on the overall market. Marvell Technology (MRVL) is down more than -7%, and Micron Technology (MU) and Advanced Micro Devices (AMD) are down more than -4%. Also, Nvidia (NVDA), Broadcom (AVGO), GlobalFoundries (GFS), and ARM Holdings Plc (ARM) are down more than -3%. In addition, Intel (INTC), Microchip Technology (MCHP), and NXP Semiconductors NV (NXPI) are down more than -2%.
Fluor (FLR) is down more than -27% after reporting Q2 adjusted EPS of 43 cents, weaker than the consensus of 56 cents, and cutting its full-year adjusted EPS forecast to $1.95-$2.15 from a previous estimate of $2.25-$2.75, well below the consensus of $2.53.
Eastman Chemical (EMN) is down more than -17% to lead losers in the S&P 500 after reporting Q2 adjusted EPS of $1.60, weaker than the consensus of $1.74.
Coinbase Global (COIN) is down more than -14% after reporting Q2 total revenue of $1.50 billion, below the consensus of $1.59 billion.
WW Grainger (GWW) is down more than -10% after reporting Q2 adjusted EPS of $9.97, below the consensus of $10.06, and cutting its full-year adjusted EPS forecast to $38.50-$40.25 from a previous forecast of $39.00-$41.50.
Moderna (MRNA) is down more than -6% after narrowing its full-year revenue forecast to $1.5 billion to $2.2 billion from a previous forecast of $1.5 billion to $2.5 billion, weaker than the consensus of $2.07 billion.
Avis Budget Group (CAR) is down more than -5% after Goldman Sachs downgraded the stock to sell from neutral with a price target of $105.
Reddit (RDDT) is up more than +15% after reporting Q2 revenue of $499.6 million, stronger than the consensus of $425.3 million, and forecasting Q3 revenue of $535 million-$545 million, well above the consensus of $472.7 million.
Homebuilding stocks are climbing today after the 10-year T-note yield fell to a 4-week low, a supportive factor for housing demand. DR Horton (DHI), Lennar (LEN), and PulteGroup (PHM) are up more than +2%.
Kimberly-Clark (KMB) is up more than +7% to lead gainers in the S&P 500 after reporting Q2 adjusted EPS of $1.92, above the consensus of $1.68.
Regeneron Pharmaceuticals (REGN) is up more than +3% to lead gainers in the Nasdaq 100 after reporting Q2 revenue of $3.68 billion, well above the consensus of $3.29 billion.
Eli Lilly (LLY) is up more than +2% after the Washington Post reported that the US government plans to experiment with covering weight-loss drugs for federal health programs.
Earnings Reports (8/1/2025)
Cboe Global Markets Inc (CBOE), Chevron Corp (CVX), Church & Dwight Co Inc (CHD), Colgate-Palmolive Co (CL), Dominion Energy Inc (D), Exxon Mobil Corp (XOM), Franklin Resources Inc (BEN), Kimberly-Clark Corp (KMB), Linde PLC (LIN), LyondellBasell Industries NV (LYB), Moderna Inc (MRNA), Regeneron Pharmaceuticals Inc (REGN), T Rowe Price Group Inc (TROW), WW Grainger Inc (GWW).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Slump on Tariffs and Weak US Job Growth

In early trading on Friday, shares of Kimberly-Clark topped the list of the day's best performing components of the S&P 500 index, trading up 7.5%. Year to date, Kimberly-Clark registers a 2.2% gain.
And the worst performing S&P 500 component thus far on the day is Eastman Chemical, trading down 15.9%. Eastman Chemical is lower by about 33.2% looking at the year to date performance.
Two other components making moves today are Coinbase Global, trading down 12.9%, and First Solar, trading up 5.6% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

S&P 500 Movers: EMN, KMB

Key Points
The total size of the stablecoin industry ($250 billion) still pales in comparison to Visa's market cap ($700 billion).
As a result of their size and global reach, Tether and USDC have the greatest potential to disrupt Visa.
PayPal's new stablecoin could play an important role in driving transaction growth at consumer-facing businesses.
Stablecoins have exploded onto the crypto scene, and are now a $250 billion industry with strong political backing at the highest levels. New stablecoin legislation, recently signed into law, ensures that stablecoins aren't going away anytime soon. In fact, Treasury Secretary Scott Bessent thinks they could be worth as much as $2 trillion within the next few years.
Despite all the buzz surrounding stablecoins, many payment providers -- including Visa (NYSE: V) -- say they are not worried. For now, stablecoins pose no direct risk. But what about in a few years? Here are three stablecoins to watch.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
USDC and Tether
The two stablecoins with the greatest potential to disrupt Visa are USDC (CRYPTO: USDC) and Tether (CRYPTO: USDT). As new stablecoin research from The Motley Fool points out, these two stablecoins are truly dominant. Together, they account for 90% of the value of the $250 billion stablecoin market.
Granted, if you are only comparing market caps, it's easy to miss the big picture. After all, Visa has a hefty market cap of nearly $700 billion. That's more than four times the market cap of stablecoin leader Tether, which has a market cap of $158.9 billion. And Visa is more than 10 times the size of USDC, which has a comparatively tiny market cap of $62.6 billion.
But what if we look at the transaction volume of stablecoins instead? According to new research from Messari, stablecoins have already surpassed Visa in terms of overall transaction volume. Tether is particularly strong in Africa and Asia, while USDC leads the way in the U.S. and Europe.
PayPal USD
The third stablecoin to watch is from PayPal (NASDAQ: PYPL), and it's called PayPal USD (CRYPTO: PYUSD). It launched back in August 2023 and currently has a market cap of $883.7 million. According to Motley Fool stablecoin research, it now ranks as the seventh most popular stablecoin in the world.
That's where things get interesting, because PayPal has the sort of name brand recognition and consumer clout to make a real difference in the world of payments. It's easy to see how PayPal could decide to push PayPal USD as a form of payment on sites like eBay before rolling it out to a much larger audience.
And, indeed, if you check your PayPal app, there's now a section called "PYUSD Rewards" within the "Crypto" tab. Right now, you can earn 4% by buying and holding PYUSD with PayPal. This seems like a very clever way to onboard new stablecoin users -- entice them with the 4% yield, then encourage them to spend those PayPal stablecoins at partner sites.
Visa vs. stablecoins
So why isn't Visa worried? First of all, Visa says that stablecoins are really nothing new. According to the head of crypto at Visa, they are "just another way to represent an existing currency." Technically that's true, since stablecoins are really just "digital dollars," and dollars have been around for nearly 250 years.
Second, the number of use cases for stablecoins is still rather limited. Mostly, says Visa, they are used for high-value cross-border payments. This is what is likely inflating the value of stablecoin transactions in the Messari crypto report.
Third, stablecoins are mostly popular in emerging markets, where crypto investors view them as a potential hedge against hyperinflation. In places like Latin America, it's arguably better to own a dollar-linked stablecoin than your own nation's currency.
Finally, in the United States, it's not like you're going to go to your favorite supermarket and pay for anything with stablecoins. The technology is just too new, and it's not ready for retail yet. Conceptually, it sounds fantastic. However, replacing one payment system with another is not something you do over the weekend.
What happens next for stablecoins?
That being said, Visa is hardly ignoring stablecoins. The company has already worked to integrate stablecoins into its payment and settlement network. And it has plenty of interesting stablecoin projects on tap, including a new one that just launched in Central and Eastern Europe, the Middle East, and Africa's emerging markets.
Of the three stablecoins mentioned above, the one that has the most potential to disrupt Visa is likely USDC. While Tether is much bigger than USDC, it's easier to find a merchant within the U.S. that will accept USDC. Moreover, USDC has lined up some powerful partners within the U.S., including Coinbase Global (NASDAQ: COIN).
While many people think of Coinbase as just a cryptocurrency exchange, the company actually has a growing number of initiatives that involve its proprietary blockchain (Base). One of these is Coinbase Payments, which rolled out in June. This back-end stablecoin integration from Coinbase is what enabled Shopify to start offering stablecoin payment options this summer.
And don't forget about the retailers that are planning stablecoin launches of their own. The Wall Street Journal recently reported that both Amazon and Walmart were planning stablecoin launches. The goal, most likely, is to avoid credit card processing fees by accepting stablecoin payments instead.
So keep your eyes on the stablecoin industry. There are a lot of interesting developments going on, and the size of the industry is certain to grow by leaps and bounds in the coming years. Finding the right stablecoin investment opportunity now could pay off big later.
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*Stock Advisor returns as of July 29, 2025
Dominic Basulto has positions in Amazon and USDC. The Motley Fool has positions in and recommends Amazon, PayPal, Shopify, Visa, Walmart, and eBay. The Motley Fool recommends Coinbase Global and recommends the following options: long January 2027 $42.50 calls on PayPal and short September 2025 $77.50 calls on PayPal. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Coinbase Global, Inc.

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