Coinbase Launches Stablecoin Payment Platform Coinbase Business

BlockBeats News, October 16th, according to CoinDesk, Coinbase has launched the stablecoin payment platform Coinbase Business, allowing businesses to send and receive USDC. This will streamline the vendor payment process, eliminate chargeback issues, and provide seamless API integration to help businesses efficiently expand.

USDC balances held on Coinbase Business can earn a 4.1% annual percentage yield (APY) and can be withdrawn at any time via Wire or ACH to the associated corporate bank account. All transactions can be synced to QuickBooks or Xero through integration with CoinTracker, allowing users to adopt cryptocurrency payments while staying compliant.