Coinbase and MassPay cut global transfer costs by up to 70%

Cross-border payment platform MassPay and US-based cryptocurrency exchange Coinbase have announced a partnership to launch a stablecoin-powered international payment service. This collaboration brings together MassPay’s payment network operating across 180 countries and Coinbase’s extensive crypto infrastructure.

Payment network expands

With this new solution, customers will be able to seamlessly move between fiat currencies, USDC stablecoins, and other digital assets. Coinbase will provide the crypto wallet infrastructure, custody services, and on-chain settlement, while MassPay will manage final payouts through bank transfers, mobile wallets, and digital asset channels. As a publicly listed US exchange, Coinbase is especially known for its robust enterprise infrastructure services.

Mini glossary: On-chain settlement means recording and verifying transactions directly on the blockchain. A stablecoin is a digital currency, typically pegged to assets like the US dollar; USDC is among the most widely used stablecoins.

The companies have also clarified how compliance responsibilities will be shared under the partnership. Coinbase will handle regulated services and provide licensed custody solutions, while MassPay will manage customer verification, sanctions screening, and tax documentation across its network.

Lower costs and faster speed

According to Grushkowsky, customers using the new system have seen costs drop by approximately 40% to 70% compared to traditional international wire transfers. Transaction completion times have been reduced from days to nearly instant.

Previously, MassPay had offered stablecoin payment capabilities through other providers. Now, by integrating Coinbase, the company aims to scale up its capacity and enhance institutional trust in its services.

Industry sees broader stablecoin adoption

This move highlights a growing industry trend where payment and financial service providers are increasingly adopting stablecoin solutions. Both traditional payment firms and digital asset platforms have recently begun to deploy these technologies more prominently for global money transfers.

Other examples include Stripe and Circle. Stripe acquired Bridge, a stablecoin scaling startup, in February 2025 and announced that stablecoin technology will play a key role in speeding up cross-border trade for businesses.

Similarly, in April 2025, Circle launched the Circle Payments Network aiming to connect banks, payment companies, and digital wallets for real-time cross-border settlements. The network will utilize USDC, EURC, and other compliant, payment-focused stablecoins.

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