Coinbase Expands Stablecoin Payments to U.S. Banks via Base Network
- Reports
- 5
- Developments
- 4
- Repetition
- 60%
New informationRepeats or wire copies
What happened
Coinbase, a cryptocurrency exchange, utilizes its Base Layer-2 network built on Ethereum and shares revenue with Circle in the USDC ecosystem. Coinbase recently partnered with Moov, a payments infrastructure provider, to enable stablecoin payments and settlements at more than 1,000 U.S. community banks and credit unions. The company is also using its Base network for various Agentic Finance applications.
From yahoo.com, manilatimes.net
Why it matters
Stablecoins, which are pegged to fiat currencies like the U.S. dollar, enable faster and cheaper money transfers compared to traditional fiat currencies. These stablecoins can also be deposited in lending platforms to earn higher yields than standard bank accounts. The impact of the upcoming CLARITY Act on these plans is also being discussed.
From yahoo.com
Who's involved
- CoinbaseOperates a cryptocurrency exchange platform and utilizes the Base network.
- CirclePeer-to-peer payments technology company that partners with Coinbase on the USDC ecosystem.
- BaseCoinbase's proprietary Layer-2 blockchain infrastructure built on Ethereum.
- EthereumPublic blockchain platform that serves as the foundation for the Base network.
How it developed
Newest first. Tap a step to see who reported it.- Coinbase is utilizing its Base blockchain network for Agentic Finance applications, leveraging the USDC stablecoin.Sub-event
- The Clarity Act is impacting the operational framework of Coinbase and Circle.Sub-event
Coinbase operates on Base (Ethereum L2) and is listed on Nasdaq.1 source
Coinbase leverages Ethereum for its L2 network and partners with Circle on revenue sharing in the USDC ecosystem.1 source
Keep exploring
The entities involved
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Coinbase
American company that operates a cryptocurrency exchange platform
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Ethereum
public blockchain platform with programmable transaction functionality
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Circle
peer-to-peer payments technology company
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Base
watercourse in Rwanda
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Related events
- Coinbase, Circle, and Base are identified as major players in the crypto market, with Trump's support aiding Coinbase's growth.
- Coinbase and Circle are identified as equity proxies for U.S. crypto market-structure legislation amid legislative uncertainty.
- Coinbase is developing Base as an Ethereum scaling network, seeking SEC approval for tokenized equities, and planning to support Solana trading.
- Coinbase announced that it provides custody for underlying securities and supports tokenized assets on the Ethereum chain.
- Coinbase, Bitcoin, and the market reacted to a U.S. Treasury announcement, while Arvind Krishna warned of quantum threats to crypto.