---
title: "IX. Downstream: Exchanges, Payments, Cardsa. Exchanges:Provide stablecoin trading services, earning "
description: "IX. Downstream: Exchanges, Payments, Cardsa. Exchanges:Provide stablecoin trading services, earning transaction fees and demand deposit interest. Binance purchases large amounts of stablecoins and ear"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/30418310.md"
published_at: "2025-06-06T03:42:20.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# IX. Downstream: Exchanges, Payments, Cardsa. Exchanges:Provide stablecoin trading services, earning 

**IX. Downstream: Exchanges, Payments, Cards**

**a. Exchanges:**

Provide stablecoin trading services, earning transaction fees and demand deposit interest. Binance purchases large amounts of stablecoins and earns fees through trading; competition is fierce.

**b. Decentralized Projects:**

Such as lending protocols, using stablecoins as underlying assets.

**c. Payment Companies and Wallets:**

Manage cryptocurrency assets, charging transfer or exchange fees. In the future, they may resemble Alipay, charging merchants transaction fees.

$Coinbase(COIN.US) $Circle(CRCL.US) $Robinhood(HOOD.US) $Digital currency concept(CP00079.US)

### Related Stocks

- [CRCL.US - Circle](https://longbridge.com/en/quote/CRCL.US.md)
- [COIN.US - Coinbase](https://longbridge.com/en/quote/COIN.US.md)
- [HOOD.US - Robinhood](https://longbridge.com/en/quote/HOOD.US.md)
- [CP00079.US - Digital currency concept](https://longbridge.com/en/quote/CP00079.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.