Coinbase Launches Stablecoin Payment Platform, Offers 4.1% APY on USDC Holdings

On the 16th, the major US cryptocurrency exchange Coinbase announced the introduction of a stablecoin payment platform that enables businesses to send and receive USDC. In an official statement, Coinbase highlighted that traditional B2B (business-to-business) payments have been plagued with high fees, unfavorable exchange rates, and multi-day delays. To solve these issues, 'Coinbase Business' has been developed as an all-in-one service integrating payment processing with asset management. It offers global remittance capabilities and payment link features, allowing businesses to utilize a global transfer network with low fees and instant settlements for USDC...