Coinbase stated in its Q3 earnings report: "In the third quarter, we obtained new licenses that enable us to enter new markets and offer new products, and continue to promote clarity in U.S. regulation." The company generated $172 million in USDC stablecoin interest income this quarter, up nearly 14% from $151 million in Q2 USDC interest income. In its quarterly outlook, Coinbase wrote: "We expect to achieve meaningful positive adjusted EBITDA for the full year 2023, a target that has been revised from our prior target of increasing full-year 2023 adjusted EBITDA in USD terms relative to full-year 2022."