Coinbase surges on stablecoin clarity, taps Centrifuge

Coinbase shares jumped 12% after stablecoin yield rules were clarified. Coinbase also named Centrifuge as its main tokenization partner for Base, investing to expand tokenized ETFs and credit products onchain.

Coinbase shares surged 12% after a bipartisan agreement clarified stablecoin yield regulations. Licensed institutions can now offer yield on fully reserved payment stablecoins without these being classified as securities. At the same time, Coinbase selected Centrifuge as its primary tokenization partner for the Base blockchain, making a strategic investment in the firm. Centrifuge will focus on tokenizing traditional financial assets—such as ETFs, credit funds, and structured products—on Base, with the first institutional launches expected soon. This partnership aims to expand regulated assets on blockchain rails, positioning Centrifuge as the default issuance layer for tokenized assets within Coinbase’s ecosystem. The move highlights Coinbase’s commitment to bringing traditional financial instruments onchain and broadening its tokenized product offerings as institutional interest in real-world asset tokenization grows.