Aston Martin F1 strikes Coinbase deal, completes payment in crypto stablecoins
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Aston Martin and Coinbase Partnership: Aston Martin Aramco Formula One Team has signed a multi-year deal with Coinbase, marking the first time a Formula One team has been paid entirely in USDC cryptocurrency. Coinbase will be featured prominently on the team's race car and drivers' suits.
Coinbase's Financial Performance: Coinbase reported record earnings with $2.27 billion in revenue, driven by increased crypto trading activity and market volatility. The company aims to make USDC the leading stablecoin, currently holding 26% of the market share, and plans to expand its use in trading pairs and payment systems.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
