MassPay teams up with Coinbase to undercut expensive cross-border wires
MassPay has partnered with Coinbase to add USDC funding and on-chain settlement to its cross-border payouts network, giving enterprise customers access to stablecoin payments across roughly 180 countries.
How it works
- Eligible MassPay clients can fund transactions in U.S. dollars, convert them into USDC via Coinbase, and settle payments on-chain instead of routing through traditional international banks.
- Coinbase’s payment APIs will supply wallet services, custody (including Coinbase Prime), payment orchestration and payout functionality, so businesses don’t need to build their own crypto infrastructure.
- MassPay will continue to handle delivery to recipients through its existing payout rails; Coinbase will provide custody, settlement capabilities and regulatory coverage under its licensing framework.
Why it matters
- The integration targets long-standing pain points in B2B cross-border payments: prefunding local accounts, tied-up working capital and slow settlements. By enabling on-chain settlement and a single payment flow, companies can send USDC instantly to recipients or convert to other digital assets or local fiat without assembling separate on-ramps, custody, wallets and liquidity sources.
- Removing prefunding requirements frees up capital for operations instead of leaving it idle across multiple markets.
Where Coinbase fits
- Coinbase frames the deal as another component of its end-to-end crypto payments stack — spanning the Base network, USDC and other stablecoins, wallet services, on- and off-ramps, and payout infrastructure.
- The firm noted its close role with USDC (co-created with Circle) and said nearly $20 billion of USDC is held on its platform. It also highlighted institutional strengths — acting as a primary custodian for major spot-ETF issuers and maintaining a broad regulatory licensing footprint.
Bigger picture
- The partnership comes as Coinbase expands beyond exchange trading: it recently won approval to offer access to global crypto perpetual futures to U.S. users and has been lobbying U.S. lawmakers for stablecoin-friendly rules, including proposals to remove capital gains tax treatment on stablecoin payments and ease reporting for small crypto transactions.
The move positions MassPay and Coinbase to offer businesses a faster, cheaper alternative to traditional cross-border wires — one that keeps settlement on-chain and limits the need for complex, market-by-market treasury setups.
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