MassPay taps Coinbase to add USDC-powered cross-border payouts, betting stablecoin rails will cut costs and speed up settlement for businesses paying globally.
Cross-border payout platform MassPay and Coinbase announced a partnership on Thursday to offer stablecoin cross-border payouts.
The partnership connects MassPay's network in 180 countries with the US-based exchange's crypto infrastructure, allowing customers to move between fiat, USDC and other digital assets, the companies said in a joint statement shared with Cointelegraph.
MassPay CEO Ran Grushkowsky told Cointelegraph that stablecoins are still a small slice of the company's transaction volume. Still, the company expects the new rails to support nine-figure payouts in the first year.
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