Coinbase, MassPay team up for USDC enterprise payouts

Coinbase and MassPay have partnered to integrate the stablecoin USD Coin into global enterprise payment workflows, a move aimed at reducing the cost and delay of cross-border transactions. The collaboration, announced on June 11, connects Coinbase’s digital asset infrastructure with MassPay’s payout network spanning 180 countries.

Under the new system, eligible MassPay clients can fund transactions in U.S. dollars, convert those funds into USDC through Coinbase, and send payments instantly to recipients worldwide. Recipients can receive the funds as USDC, other digital assets, or local fiat currencies. The companies stated the integration removes the need for businesses to build and manage separate cryptocurrency infrastructure, such as wallets, custody solutions, and on-ramps.

The partnership directly targets inefficiencies in traditional cross-border payments, where companies often must pre-fund accounts across multiple markets, tying up working capital and causing settlements to take days. According to the companies, stablecoin transactions settle in seconds or minutes and can reduce costs by 40 to 70 percent compared to international wire transfers. MassPay’s CEO, Ran...