Coinbase Enhances USDC Accessibility with Mercuryo Partnership, Slashing Transfer Fees by 50%

In a strategic move to bolster stablecoin adoption, Coinbase has teamed up with Mercuryo to significantly reduce USDC transfer costs to the Base network via MetaMask. This partnership, announced on August 15, 2025, aims to cut fees by approximately 50%, making USDC transactions more affordable for users. The collaboration comes amid rising institutional interest in USDC, fueled by recent regulatory developments like the GENIUS Act and Circle's ambitious plans for a dedicated Layer-1 network. By leveraging Mercuryo's payment infrastructure, Coinbase continues to position itself at the forefront of cryptocurrency innovation, offering enhanced accessibility and cost-efficiency for stablecoin users.

Coinbase Cuts Costs for USDC Transfers in Strategic Mercuryo Partnership

Coinbase has partnered with cryptocurrency payment infrastructure provider Mercuryo to slash fees for USDC transfers to the Base network via MetaMask. The collaboration aims to reduce costs by approximately 50%, enhancing accessibility for stablecoin users. This MOVE aligns with growing institutional interest in USDC following the GENIUS Act and Circle's plans for a dedicated Layer-1 network.

Mercuryo's integration with Coinbase will significantly lower fiat purchase fees for MetaMask users. "Stablecoins will be central to the crypto narrative by 2025," said Mercuryo CEO Petr Kozyakov, emphasizing the strategic timing of this fee reduction as institutional adoption accelerates.

Coinbase Loses $300,000 Due to Misconfigured 0x Contract Exploit

Coinbase suffered a $300,000 loss after a misconfigured contract interaction with the 0x Project allowed MEV bots to exploit token approvals. The incident, identified by blockchain researcher 'deeberiroz' on August 13, 2025, involved unintended approvals for tokens including Amp, MyOneProtocol, DEXTools, and Swell Network.

The 0x Project's permissionless swapper contract, designed for decentralized exchanges, lacks safeguards for token approvals—a vulnerability previously exploited in Zora's Base L2 airdrop. MEV bots capitalized on Coinbase's erroneous approvals, draining funds before the exchange revoked allowances and migrated assets to a new corporate wallet.

Coinbase confirmed the incident was contained, with no customer funds affected. The event underscores persistent risks in DeFi infrastructure interfaces, even for institutional players.

Coinbase Slashes USDC Fees for MetaMask Users Amid Stablecoin Expansion

Coinbase has partnered with Mercuryo to reduce fees for purchasing USDC via MetaMask on the Base network by approximately 50%. The move aims to lower barriers for stablecoin adoption, targeting both retail and institutional users. "Stablecoins are at the center of the crypto narrative of 2025," said Mercuryo CEO Petr Kozyakov, highlighting USDC's dual role as a payment rail and investment vehicle.

The discount follows Coinbase's recent collaboration with JPMorgan enabling credit card rewards conversion to USDC. "Demand for regulated stablecoins is accelerating post-GENIUS Act," noted Coinbase's Shan Aggarwal, referencing the new U.S. regulatory framework for issuers. MetaMask's Lorenzo Santos anticipates increased wallet activity as fee reductions take effect.

Coinbase and Mercuryo Partner to Slash USDC On-Ramp Fees on Base Network

Coinbase has teamed up with Mercuryo to dramatically reduce USDC on-ramping fees for MetaMask users on its Base network. The partnership could cut costs by up to 50%, significantly lowering barriers to entry for decentralized finance participation.

The move comes as stablecoins gain institutional traction following the GENIUS Act's passage. Circle's simultaneous development of a USDC-native LAYER 1 blockchain—where the stablecoin will serve as gas token—signals accelerating infrastructure maturation. USDC circulation has surged 90% year-to-date, cementing its position as the sector's second-largest stablecoin.

Thumzup Media Expands Cryptocurrency Reserves with $50M Raise, Deepens Coinbase Partnership

Thumzup Media Corporation has secured $50 million through a secondary public offering to aggressively expand its cryptocurrency operations. The Nasdaq-listed company priced shares at $10 each, with proceeds earmarked for building strategic digital asset reserves and upgrading mining infrastructure.

The firm plans to significantly increase its XRP holdings while diversifying into BTC, ETH, SOL, and LTC. CEO Robert Steele outlined ambitions to create "one of the most strategically managed digital asset treasuries" among public companies, targeting a $250 million portfolio that will include stablecoins and meme coins alongside major cryptocurrencies.

Thumzup has formalized an expanded partnership with Coinbase Prime for institutional-grade custody and trading services. The collaboration signals growing institutional confidence in crypto assets as long-term treasury holdings. Company policy now allows up to 90% of liquid assets to be held in digital currencies.

SpaceX's Bitcoin Holdings Surpass $1 Billion as BTC Hits Record High

SpaceX's Bitcoin portfolio has eclipsed the $1 billion mark following Bitcoin's ascent to a historic peak of $124,457. The aerospace firm maintains an unwavering position on its 8,285 BTC stash, acquired between December 2020 and June 2022—a trove now boasting over 300% appreciation.

Elon Musk's twin corporate titans now collectively safeguard $2.42 billion in bitcoin assets. Tesla's 11,509 BTC reserve alone commands $1.4 billion at current valuations. This institutional fortitude comes as Bitcoin stages a 9% rebound from August's $111,982 trough, cementing its status as the phoenix of digital assets.

Notably, SpaceX's last BTC movement involved transferring 1,308 coins to a new wallet—a logistical shuffle rather than a liquidation signal. The company's disciplined hodling strategy since mid-2022 continues to pay dividends as Bitcoin repeatedly shatters price ceilings.