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Coinbase Launches Business Platform for USDC Payments and 4.1% APY Earnings

Coinbase Launches Business Platform for USDC Payments and 4.1% APY Earnings

According to Coinbase, its new business platform enables enterprises to use USDC for payments, offers API and accounting integrations, and explores AI-driven payment automation on Base.

ETH
USDC

Fact Check
The statement is strongly confirmed by multiple credible sources. Coinbase's official blog (Source 1), a partner announcement (Source 6), and a financial technology news site (Source 2) all announce the 'Coinbase Business' platform and explicitly state the offering of 'up to 4.1% APY' on USDC. Furthermore, a Coinbase employee (Source 5) directly links the new platform with accepting USDC payments.
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Summary

Coinbase announced Coinbase Business, a new platform for enterprises to send and receive USDC with 4.1% APY on balances and instant withdrawals via Wire or ACH. The platform integrates with accounting software like QuickBooks and Xero through CoinTracker. Coinbase’s VP of international policy, Tom Duff Gordon, said the company is developing stablecoin utilities across its exchange and Base chain. The firm is reportedly in talks to acquire stablecoin payment provider BVNK for about $1.5 billion. Additionally, Coinbase is advancing AI-driven agentic commerce and the x402 open-source stablecoin payments protocol. The announcement was made during the Coinbase Crypto Forum in London, attended by former UK officials Nick Clegg and George Osborne.

Terms & Concepts
  • USDC (USD Coin): A U.S. dollar-pegged stablecoin used for digital payments, offering price stability and liquidity in crypto transactions.
  • Base: Coinbase’s Ethereum Layer 2 network designed to enhance scalability and reduce transaction costs for blockchain applications.
  • x402 Protocol: An open-source payments standard developed by Coinbase for stablecoin transactions and AI-driven machine-to-machine payments.