MassPay, a cross-border payout platform, and Coinbase announced a partnership on Thursday to enable stablecoin-powered payouts across MassPay’s 180-country network. The deal integrates Coinbase’s wallet infrastructure and custody services with MassPay’s existing payout orchestration, allowing customers to settle payments in USDC with near-instant finality instead of multi-day bank transfers.
Under the partnership, Coinbase provides regulated custodial infrastructure, wallet services and onchain settlement. MassPay handles know-your-customer checks, sanctions screening, tax documentation and last-mile payouts via bank transfer, mobile wallet and digital asset channels. The arrangement expands MassPay’s existing stablecoin capabilities, which the platform already offers through other providers.
Ran Grushkowsky, MassPay CEO, said clients using the system have seen costs fall by about 40% to 70% versus international wires, while settlement is near instant instead of taking days on traditional payment rails. He also noted that “stablecoins are still a small slice of the company’s transaction volume,” indicating room for growth as adoption accelerates.
MassPay expects the partnership to generate nine-figure payout volume in its first year. The exact launch date for stablecoin payouts under the Coinbase partnership was not specified.
Stablecoin Infrastructure Consolidation
The MassPay-Coinbase deal reflects broader momentum in stablecoin-based cross-border payments. Stripe acquired Bridge, a startup focused on scaling stablecoins to businesses, in February 2025. Stripe expects stablecoin infrastructure to play a critical role in cross-border commerce.
Circle, a payments company, announced Circle Payments Network in April 2025 to connect banks, payment companies and digital wallets for real-time cross-border settlement using USDC, EURC and other regulated payment stablecoins.
The MassPay partnership signals that established crypto infrastructure providers like Coinbase are moving beyond trading and custody into operational payments infrastructure, targeting enterprises and fintech platforms seeking faster, cheaper cross-border settlement rails.
