JPMorgan estimates that Coinbase's upcoming Base token could unlock up to $34 billion in value, driven by the growth of its Layer 2 network and new monetization strategies. The bank raised Coinbase's stock rating and price target, highlighting potential profit from changes to USDC rewards and the integration of a decentralized exchange within the Base platform.

Coinbase has introduced a new feature in its app that allows users to make peer-to-peer payments using USDC, a stablecoin. This development aims to enhance the usability of cryptocurrency for everyday transactions and improve user engagement within the platform.