Coinbase Business Debuts USDC Payments in Singapore
Coinbase Business has expanded internationally with a new crypto-native operating account in Singapore. The platform partners with Standard Chartered to enable USDC payments, instant settlement, and automated compliance. Approved startups and SMEs can trade digital assets, automate financial operations, and send low-cost cross-border USDC payouts. The service charges 1% transaction fees for SGD transfers and offers rewards on USDC balances. Early access is open now, with full rollout pending. This launch builds on Coinbase Business’s U.S. offerings and aims to boost stablecoin adoption in Asia’s financial hub.
Bullish
This international expansion of Coinbase Business in Singapore is bullish for USDC. By partnering with Standard Chartered to enable corporate USDC payments, instant settlement, and cross-border transfers, the announcement is expected to increase demand and liquidity for USDC. In the short term, enhanced utility and lower fees may attract more corporate users, supporting stablecoin volumes. Over the long term, deeper integration in Asia’s financial hub could strengthen the USDC ecosystem and encourage further adoption across global markets.