Summary
- Coinbase announced the official launch of Circle's USDC-based payment platform 'Coinbase Business'.
- The platform supports simplified stablecoin payments, removal of chargebacks, API-integrated automated payments, and 4.1% annual interest on USDC deposits.
- Coinbase and Circle share USDC revenue on a 50/50 basis, and the industry regards USDC as effectively Coinbase's own stablecoin.
On the 16th (local time), according to crypto asset media CoinDesk, the United States' largest crypto exchange Coinbase officially launched Circle's stablecoin USDC-based payment platform 'Coinbase Business'.
Coinbase Business simplifies business-to-business stablecoin payments, removes chargebacks (payment cancellations), and supports automated payment systems through API integration.
Also, users who deposit USDC on the platform can earn interest at around 4.1% per year, and can instantly cash out through a linked business bank account.
Meanwhile, Coinbase shares the revenue generated from USDC, the world's second-largest stablecoin, with Circle on a 50/50 basis, and the industry regards USDC as effectively Coinbase's own stablecoin.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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