MassPay and Coinbase launch USDC cross-border payouts
In brief
- MassPay and Coinbase partnered to offer USDC-powered cross-border payouts across 180 countries with regulated custodial infrastructure.
- Costs fall 40–70% versus international wires, with near-instant settlement instead of days.
- MassPay expects nine-figure payouts in year one, though stablecoins remain a small transaction volume slice.
The partnership model
Coinbase provides wallet infrastructure, custody and onchain settlement, while MassPay orchestrates last-mile payouts over bank transfer, mobile wallet and digital asset channels. The division of labor is clear: Coinbase handles regulated custodial infrastructure and licensing, while MassPay handles know-your-customer checks, sanctions screening and tax documentation.
This isn't MassPay's first stablecoin rodeo. MassPay already offers stablecoin payout capabilities via other providers and is now expanding capacity and credibility by adding Coinbase, CEO Ran Grushkowsky said. Still, stablecoins remain a small slice of MassPay's overall transaction volume.
The economics
The cost savings are the headline. Clients using the system have seen costs fall by about 40% to 70% versus international wires, while settlement is near instant instead of taking days on traditional payment rails, Grushkowsky told Cointelegraph. MassPay expects the new rails to support nine-figure payouts in the first year.
The move fits a broader trend. Stripe acquired Bridge in February 2025, a startup focused on scaling stablecoins to businesses, and Stripe expects stablecoin infrastructure to play a critical role in accelerating cross-border commerce. Circle announced its Circle Payments Network in April 2025 to connect banks, payment companies and digital wallets for real-time cross-border settlement.
The infrastructure race is on. MassPay's bet is that stablecoin rails—fast, cheap, and regulated—will eat into the traditional wire-transfer market. Whether nine-figure volume materializes in year one depends on adoption by businesses moving money across borders. For now, the partnership signals that major players see real economic upside in moving payouts onchain.
