Coinbase Business Expands to Singapore: USDC Payments & Crypto Tools Now Available for Startups
Coinbase makes its Asian move—Singaporean startups now get USDC rails and institutional-grade crypto tools. Another domino falls in the global crypto infrastructure race.
The exchange's business arm quietly flipped the 'on' switch for its Singapore operations today. No fanfare, just functional access to dollar-pegged stablecoins and trading APIs that hedge funds normally hoard.
USDC adoption gets another boost. The regulated stablecoin now plugs into Southeast Asia's startup ecosystem—no USD banking required. Local founders can finally stop pretending they enjoy Tether's 'interesting' audit history.
Crypto's boring revolution continues. While speculators chase memecoins, real adoption happens when businesses start moving value without 19th-century banking delays. Just don't ask about the regulatory paperwork behind this launch.
Coinbase Expands Overseas with Singapore Launch
Singapore, a key fintech hub and one of Asia’s most crypto-forward economies, is the first country to host the platform’s international debut.
Coinbase said the launch builds on its recent collaboration with the Monetary Authority of Singapore (MAS) under the BLOOM Initiative, which aims to promote borderless and compliant digital payments.
The new business suite offers a full financial operating stack for companies integrating crypto into daily operations.
Core features include USDC-based global payments, an API for automated payroll and vendor management, and a 1% transaction fee for cross-border payments, a fraction of traditional credit card processing costs.
Businesses can also earn yield on USDC balances and reconcile their books through QuickBooks and Xero integration.
Coinbase Business allows firms to securely buy, sell, and manage digital assets directly from their operating account.
Coinbase Business has officially landed in Singapore!
We're thrilled to launch the first international expansion of our all-in-one financial platform right here in Asia’s digital hub.
More details ↓ pic.twitter.com/reIvCMRmOM
The company says this provides Singapore’s rapidly growing startup scene with “a command center where money moves as fast as ambition.”
The launch is backed by a partnership with Standard Chartered Bank, enabling seamless real-time SGD transfers for both retail and business users.
Coinbase said this banking LINK ensures fiat-crypto integration under Singapore’s strict regulatory standards.
“This expansion underscores our commitment to supporting the region’s innovation economy,” Coinbase said in its announcement.
“We’re empowering Singaporean businesses with faster, cheaper, and programmable financial tools for the next era of global trade.”
Coinbase’s Singapore launch comes amid rising institutional adoption of stablecoins like USDC and growing regulatory clarity across Asia.
The company’s participation in MAS’s Agentic Payments workstream signals deeper involvement in shaping compliant digital asset infrastructure across the region.
Early access for Singaporean firms is now open.
Coinbase Says Stablecoins Strengthen US Banking System
Last month, Coinbase rejected claims that the growth of stablecoins could drain deposits from US banks, arguing instead that they reinforce the dollar’s global dominance.
Shirzad said most stablecoin demand comes from international users seeking dollar exposure, not from U.S. savers.
The firm added that about two-thirds of stablecoin activity occurs on DeFi platforms, separate from traditional banking, and compared the current fears to those raised during past financial innovations like money market funds.
Meanwhile, the Bank of England (BOE) is also preparing to release its long-awaited regulatory framework for stablecoins, aiming to match the pace of US developments in digital asset oversight.
Deputy Governor Sarah Breeden dismissed suggestions that the UK is trailing behind the US, telling Bloomberg that the new regime WOULD become operational “just as quickly as the US.”
The BOE will publish its formal consultation on stablecoin regulation on November 10.
