As announced on October 16th, US-based cryptocurrency exchange Coinbase plans to roll out its newest financial platform, Coinbase Business, later this year to help businesses integrate crypto and stablecoin payments into their daily operations.
It enables small and medium-sized businesses (SMBs) and startups to send and receive stablecoins like Circle-issued USD Coin (USDC), manage crypto assets, and automate financial workflows through a single interface with low fees, no chargebacks, and a unified API.
Businesses can also earn up to 4.1% APY on idle USDC funds and grow capital while maintaining liquidity. The platform is designed as a “cryptocurrency management account” with multi-user access and integration with accounting tools such as QuickBooks and Xero via CoinTracker and a crypto tax calculator.
Coinbase plans to integrate with e-commerce platforms. In an initial rollout, the payments suite will be linked with Shopify to enable merchants and retailers to implement USDC payments.
Incorporating cryptocurrencies into the existing web of commerce seems like a low-key, invisible, yet within reach goal. Stablecoins are central to that goal.
Coinbase CEO Brian Armstrong recently tweeted:
In 10 years, many more people will be using cryptocurrencies, but they may not even realize they are using them.
They just need to feel the benefits and don’t need to understand the system behind it. The best technology is often invisible.
— Brian Armstrong (@brian_armstrong) October 16, 2025
Overview of the global stablecoin situation
The global stablecoin sector has a market capitalization of $316 billion as of October 17th. Tether’s USDT and Circle’s USDC continue to dominate the market with $181.54 billion and $75.68 billion in circulation, respectively.
In the first half of 2025, on-chain stablecoin transaction volume exceeded $8.9 trillion. According to a CoinGate report, USDT accounted for 24.8% of cryptocurrency transactions in the first half of 2025, followed by BTC at 23.3% and rival USDC at 9.3%.
Data from Fireblocks’ report shows that stablecoin payments are gaining momentum, with 49% of users actively using them, 23% in pilot testing, 18% planning to implement them, and 10% still undecided.
