Coinbase, MassPay Partner on Stablecoin-Powered Global Payouts

MT Newswires Live06-12

Coinbase Global (COIN) and MassPay said Thursday they partnered to offer stablecoin-powered cross-border payout capabilities to businesses worldwide.

The collaboration combines MassPay's global payout network with Coinbase's digital asset infrastructure, enabling enterprise customers to move between fiat currencies, USD Coin and other digital assets through a single platform.

Corporate customers using MassPay can fund payouts in US dollars and convert them to USDC through Coinbase or deposit USDC directly, then pay recipients in USDC, other digital assets or local currencies.

Coinbase will provide wallet infrastructure, custody and compliance services, while MassPay will manage global payout delivery, the companies said.

Shares of Coinbase Global were up more than 4% in Thursday trading.

Price: 160.42, Change: +6.45, Percent Change: +4.19

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