MassPay taps Coinbase to expand stablecoin payouts
Cointelegraph 2026-06-11 16:00:00
Context: MassPay, a company involved in payment processing, has made a strategic move to expand its services by partnering with Coinbase, a leading cryptocurrency exchange. This partnership aims to facilitate cross-border payouts using the stablecoin USDC, which is pegged to the value of the US dollar. The goal of this collaboration is to reduce costs and increase the speed of settlement for businesses that engage in global transactions.
Key Facts
- MassPay has tapped Coinbase to add USDC-powered cross-border payouts to its services, with the intention of cutting costs and speeding up settlement for businesses paying globally. The partnership with Coinbase will enable MassPay to leverage the stablecoin rails, which are designed to provide a more efficient and cost-effective way of making cross-border payments. By using USDC, MassPay aims to provide businesses with a more reliable and stable alternative to traditional payment methods, which are often plagued by high fees and lengthy settlement times.