Coinbase launches business payment tools with USDC stablecoin

Coinbase (NASDAQ: COIN) announced the launch of global payouts and payment links features for its Coinbase Business platform, enabling companies to send and receive payments using USDC stablecoin.

The global payouts feature allows businesses to send USDC to any blockchain address or email address, with no gas fees for recipients on networks like Base. Payments can be funded from platform balances or connected bank accounts. The system includes contact management for vendor details and supports recipients without crypto wallets through email delivery and free Coinbase account creation.

The payment links feature enables businesses to create shareable links requesting specific USDC amounts. Customers can pay through various wallets including Base app, MetaMask, and Phantom. Payments settle in under a second on Base with no network fees or chargebacks.

USDC balances held in Coinbase Business earn 4.1% annual percentage yield and can be withdrawn to linked bank accounts via wire or ACH transfer. The platform integrates with QuickBooks and Xero through CoinTracker for accounting purposes.

Both features include API integrations for automated workflows. The Payouts API supports on-demand, batch, or scheduled payments, while an upcoming Payment Links API will enable dynamic link creation.

Coinbase stated it will unify its Coinbase Commerce service with Coinbase Business in coming months, providing custody and cash-out capabilities not available in the standalone Commerce product. Existing Commerce customers will receive communication about transition steps.

The features are accessible through the Payments tab in Coinbase Business accounts, according to the company's announcement.

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