Brandwave

How popular isCoinbase?

In September 2026, people searched for Coinbase by name about 1.2 million times worldwide, a 55.5% decrease from the previous year. These searches made up 91.6% of all global stablecoin platform searches, placing Coinbase first out of seven platforms. When we asked both ChatGPT and Google AI Overviews about stablecoin platforms, Coinbase appeared in two of the five answers and was the second most recommended of the seven.

Search and AI answers in September 2026

Coinbase is the most searched of 7 competitors and the second most recommended in AI answers.

  1. CoinbaseShare of searches 91.6%Mentioned in 2 of 5 AI answersPlace in AI recommendations 2nd
  2. PaxosShare of searches 6.8%Mentioned in 0 of 5 AI answersPlace in AI recommendations –
  3. EthenaShare of searches 1.4%Mentioned in 1 of 5 AI answersPlace in AI recommendations 5th
  4. MakerDAOShare of searches 0.18%Mentioned in 1 of 5 AI answersPlace in AI recommendations 6th
  5. Visa Stablecoin PlatformShare of searches 0.04%Mentioned in 2 of 5 AI answersPlace in AI recommendations 3rd

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Top stablecoin platforms in ChatGPT and Google AI Overviews

In three ChatGPT questions and two Google AI Overviews, Coinbase was mentioned in two out of five: in two of the three ChatGPT answers, but not in either of the two Google AI Overviews. Coinbase is the second most recommended of the seven.

Most recommended by AI

Brands get a higher ranking if they are mentioned earlier in the answers.

  1. Circle1st
  2. Coinbase2nd
  3. Visa Stablecoin Platform3rd
  4. Tether3rd
  5. Ethena5th
  6. MakerDAO6th
  7. Paxos–

Mentioned by AI

Each dot is one answer, filled in when that answer mentions the brand.

  • Circle5 of 5Named in 3 of 3 ChatGPT answersNamed in 2 of 2 Google answers
  • Coinbase2 of 5Named in 2 of 3 ChatGPT answersNamed in 0 of 2 Google answers
  • Visa Stablecoin Platform2 of 5Named in 1 of 3 ChatGPT answersNamed in 1 of 2 Google answers
  • Ethena1 of 5Named in 0 of 3 ChatGPT answersNamed in 1 of 2 Google answers
  • MakerDAO1 of 5Named in 0 of 3 ChatGPT answersNamed in 1 of 2 Google answers
  • Tether1 of 5Named in 0 of 3 ChatGPT answersNamed in 1 of 2 Google answers
  • Paxos0 of 5Named in 0 of 3 ChatGPT answersNamed in 0 of 2 Google answers

See every answer about stablecoin platforms

5 answers

Not named in any answer:

Brands are shown in the order each answer named them. The survey took place in the United States on October 21, 2026.

Which stablecoin platforms compete with Coinbase?

Coinbase against stablecoin platforms worldwide, by month

Share of searches by month for Coinbase, Paxos. The figures are in the table below the chart.

View monthly share of searches table
MonthCoinbasePaxosEthenaMakerDAOVisa Stablecoin PlatformCircleTether
Oct 202596.5%2.1%1.2%0.23%<0.01%<0.01%—
Nov 202596.4%2.1%1.2%0.28%<0.01%<0.01%—
Dec 202596.1%2.6%0.95%0.35%<0.01%<0.01%—
Jan 202692.9%5.6%1.1%0.33%<0.01%0%—
Feb 202695.2%3.8%0.77%0.23%<0.01%<0.01%—
Mar 202694.3%4.7%0.76%0.28%<0.01%<0.01%—
Apr 202693.1%5.7%0.92%0.27%<0.01%<0.01%—
May 202690.7%8.2%0.9%0.18%<0.01%<0.01%—
Jun 202688.9%9.8%1.1%0.14%<0.01%<0.01%—
Jul 202686.9%11.7%1.1%0.14%0.17%<0.01%—
Aug 202688.9%9.8%1.1%0.12%0.05%<0.01%—
Sep 202691.6%6.8%1.4%0.18%0.04%<0.01%—
  1. 1.Coinbase

    91.6%

    Held 1st. 1.2M estimated branded searches, 0% vs prior month. Share +2.7 points.

  2. 2.Paxos

    6.8%

    Held 2nd. 90.5K estimated branded searches, -33% vs prior month. Share -3 points.

  3. 3.Ethena

    1.4%

    Held 3rd. 18.1K estimated branded searches, +22.3% vs prior month. Share +0.3 points.

  4. 4.MakerDAO

    0.18%

    Held 4th. 2.4K estimated branded searches, +50% vs prior month. Share +0.1 points.

  5. Held 5th. 480 estimated branded searches, -33.3% vs prior month. Share 0 points.

  6. 6.Circle

    <0.01%

    Held 6th. 10 estimated branded searches, 0% vs prior month. Share 0 points.

  7. —.Tether

    —

    Not measured this month. — estimated branded searches, — vs prior month. Share —.

Compare popularity between Coinbase and its closest rivals

Every comparison with Coinbase

8 comparisons

How has branded search demand for Coinbase changed worldwide over the last 12 months?

3 findings
  • Across the 12 months ending September 2026, estimated monthly branded searches for Coinbase worldwide fell from 2.7M to 1.2M.
  • Across the 12 months ending September 2026, Coinbase’s share of searches among stablecoin platforms worldwide decreased from 96.5% to 91.6%.
  • Across the 12 months ending September 2026, Coinbase’s share of searches among stablecoin platforms worldwide peaked at 96.5% in October 2025 and was lowest at 86.9% in July 2026.

How did search popularity change for stablecoin platforms worldwide in September 2026?

5 changes
  1. In September 2026, Coinbase gained share of searches among stablecoin platforms worldwide, from 88.9% to 91.6%.

  2. In September 2026, Paxos lost share of searches among stablecoin platforms worldwide, from 9.8% to 6.8%.

  3. Estimated monthly branded searches for Visa Stablecoin Platform worldwide rose 4700% over 12 measured months, from 10 to 480 in September 2026.

  4. Estimated monthly branded searches for MakerDAO worldwide fell 63.6% over 12 measured months, from 6.6K to 2.4K in September 2026.

  5. Estimated monthly branded searches for Ethena worldwide fell 45.3% over 12 measured months, from 33.1K to 18.1K in September 2026.

How are Coinbase’s branded searches counted?

1 search term

Brandwave collects information about searches that people make online using Coinbase’s name. When viewed over time, estimated search volumes for this branded term can be used to understand whether interest in the brand is growing, holding steady, or fading.

  • coinbase

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How the Brand Demand Index is measured

Where does Coinbase compete?

Coinbase is ranked in two competitor sets. Each share is worked out among that set's brands, so it differs from set to set.
Competitor setRankShare of searchesRanking
Crypto exchanges2nd of 529.9%Show ranking
Stablecoin platforms1st of 791.6%Shown above
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Is Coinbase your brand?

Put your own campaigns, spend and outcomes next to this demand line, so you can see which of your marketing lined up with the movements above.