Crypto Exchange Coinbase Introduces Its Own Stablecoin Payments Platform

U.S.-listed cryptocurrency exchange Coinbase is introducing a platform for stablecoin payments to enable businesses to send and receive USDC, the company said.

Named simply “Coinbase Business,” the new set of tools will simplify vendor payments, eliminate chargebacks and offer seamless API integrations, empowering businesses to scale efficiently, the exchange said.

USDC balances held in Coinbase Business earn 4.1% APY, and can be cashed out on demand to a linked business bank account via Wire or ACH, according to a blog post.

All transactions can be synced with QuickBooks or Xero through integrations with CoinTracker, allowing users to adopt crypto payments while staying compliant.

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