Coinbase's revenue from USDC is governed by a complex agreement with Circle that has specific renewal conditions and restructuring clauses. This critical third-party dependency creates risk and a need for robust partnership management and contingency planning, as failure to maintain the relationship could adversely affect business results.
Filing excerpt
In August 2023, we entered into an updated arrangement with Circle to (i) support USDC; (ii) help drive long-term success of the stablecoin ecosystem; and (iii) share in the economics of the reserves backing stablecoins in circulation both on and off our platform (the “Circle Agreement”).
What this signalsFilings often name leadership changes, deals and spending plans.
Technologies
Vendors
Vendors named
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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.
Company
linkedin_urlValue in the APIindustriesValue in the APIemployee_count_lowValue in the APIemployee_count_highValue in the APIrevenueValue in the APIdescriptionValue in the APISignal
signal_nameValue in the APIassociationValue in the APIGET /v1/signals/09d71043-44f7-4e82-b800-b6ad8851ce2c returns this record as JSON. POST /v1/companies/enrich returns every signal for coinbase.com.
{
"signal_id": "09d71043-44f7-4e82-b800-b6ad8851ce2c",
"signal_type": "sec-10k",
"signal_subtype": "supplyChainDisruption",
"detected_at": "2026-02-17T06:31:07.781+00:00",
"company": {
"name": "Coinbase",
"domain": "coinbase.com"
},
"data": {
"detail": "Coinbase's revenue from USDC is governed by a complex agreement with Circle that has specific renewal conditions and restructuring clauses. This critical third-party dependency creates risk and a need for robust partnership management and contingency planning, as failure to maintain the relationship could adversely affect business results.",
"metrics": {
"timeframe": "multi_year"
},
"summary": "Critical business depends on Circle partnership for USDC, subject to 3-year renewal terms.",
"excerpts": "In August 2023, we entered into an updated arrangement with Circle to (i) support USDC; (ii) help drive long-term success of the stablecoin ecosystem; and (iii) share in the economics of the reserves backing stablecoins in circulation both on and off our platform (the “Circle Agreement”).",
"relevance": 0.8,
"sentiment": "neutral",
"confidence": "high",
"source_url": "https://www.sec.gov/Archives/edgar/data/1679788/000167978826000015/coin-20251231.htm",
"filing_date": "2026-02-12",
"filing_year": 2026,
"fiscal_year_end": "12/31",
"sales_relevance": "Supply chain tools urgently needed",
"signal_category": "operations",
"vendors_mentioned": [
"Circle Internet Financial, LLC"
],
"technologies_mentioned": [
"USDC",
"stablecoins"
]
}
}
curl https://signals.autobound.ai/v1/signals/09d71043-44f7-4e82-b800-b6ad8851ce2c \
-H "X-API-KEY: $AUTOBOUND_API_KEY"curl -X POST https://signals.autobound.ai/v1/companies/enrich \
-H "X-API-KEY: $AUTOBOUND_API_KEY" \
-H "Content-Type: application/json" \
-d '{"domain":"coinbase.com","limit":20}'Long text fields are shortened on this page.
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