MassPay joins Coinbase to challenge costly cross-border wires

MassPay has partnered with Coinbase to integrate stablecoin funding and settlement into its cross-border payout network, giving enterprise customers access to USDC-based payments across 180 countries.

According to the companies’ announcement, eligible MassPay clients can send USDC globally, manage treasury operations through Coinbase Prime custody, and settle transactions on-chain instead of relying on traditional international payment rails.

The integration brings Coinbase’s payment infrastructure directly into MassPay’s platform. Coinbase said its payment APIs will provide wallet services, custody, payment orchestration, and payout functionality, allowing businesses to access stablecoin payments without building their own crypto infrastructure.

MassPay and Coinbase stated that the arrangement is designed to address longstanding challenges in cross-border payments, where companies often need to prefund accounts across multiple markets, tying up working capital and delaying settlements.

Stablecoin funding is integrated into payout operations

Under the integration, corporate customers can fund transactions in U.S. dollars and convert those funds into USDC through Coinbase. According to the announcement, businesses can then distribute funds through a single payment flow to recipients receiving USDC, other digital assets, or local fiat currencies.

Coinbase said the system removes the need for businesses to assemble separate crypto on-ramps, custody providers, wallet infrastructure, liquidity sources, and compliance solutions before using stablecoins for international payments.

At the operational level, Coinbase will provide custody services, wallet infrastructure, settlement capabilities, and regulatory coverage through its licensing framework. MassPay will continue handling payout delivery to recipients through its existing network.

According to the companies, eliminating prefunding requirements allows capital to remain available for business operations instead of sitting idle across payment corridors while awaiting settlement.

Coinbase expands its payments infrastructure strategy

The partnership adds another payments-focused initiative to Coinbase’s growing stablecoin business. In the announcement, Coinbase described itself as offering an end-to-end crypto payments stack that includes the Base blockchain network, USDC and other stablecoins, wallet services, payment tools, on-ramps, off-ramps, and payout infrastructure.

Coinbase also highlighted its position as a major USDC distributor. The company said USDC was co-created alongside Circle and noted that nearly $20 billion of the stablecoin is held on its platform.

Institutional infrastructure remains another focus. Coinbase stated that it serves as a primary custodian for leading spot crypto ETF issuers while maintaining what it described as one of the industry’s largest regulatory licensing footprints.

The latest payment partnership comes as Coinbase continues expanding services beyond exchange trading. Recently, the company received regulatory approval to offer access to global crypto perpetual futures for U.S. users, with Coinbase Chief Executive Brian Armstrong stating that the development would connect American traders to global perpetual futures liquidity through a regulated domestic platform.

At the same time, Coinbase has been advocating for stablecoin-friendly regulations in Washington. The company recently urged U.S. lawmakers to remove capital gains tax requirements on stablecoin payments and exempt small crypto transactions from certain reporting obligations, arguing that such changes could reduce friction for digital payment adoption.