Seamless

EURC

April

USDC

Notable

<p>You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/innovative-partnership-reduces-fees-for-global-transfers" rel="noopener noreferrer nofollow">Innovative Partnership Reduces Fees for Global Transfers</a><br></p>
<p>MassPay, a platform specializing in cross-border payments, has teamed up with Coinbase, a prominent US crypto exchange, to introduce a service driven by stablecoins for international transactions. This collaboration leverages MassPay’s global payment reach and Coinbase’s comprehensive cryptocurrency infrastructure to facilitate seamless money transfers.</p>
<h2 id="what-enhancements-will-the-partnership-bring">What Enhancements Will the Partnership Bring?</h2>
<p>This initiative allows users to fluidly convert between traditional currencies, US dollar-denominated stablecoins (USDC), and various digital assets. Coinbase takes charge of the crypto wallet framework, asset custody, and blockchain-based transaction settlement. Meanwhile, MassPay is set to manage the disbursements via bank deposits, mobile financial services, and digital channels. As a publicly traded entity, Coinbase stands out for its significant enterprise service capabilities.</p>
<p>Regulatory duties have been clearly defined between the two entities. Coinbase is poised to oversee the regulated services and provide secure custody solutions. In contrast, MassPay will address customer verification processes, conduct sanctions checks, and handle tax-related documentation across its widespread network.</p>
<blockquote>
 <p>“While stablecoins currently form a modest segment of our total transactions, our enhanced infrastructure is poised to drive significant payment volume, reaching nine figures within a year,” expressed Ran Grushkowsky, CEO of MassPay.</p>
</blockquote>
<h2 id="how-does-this-affect-costs-and-efficiency">How Does This Affect Costs and Efficiency?</h2>
<p>Grushkowsky highlighted that this new system has resulted in cost reductions of 40% to 70% compared to conventional wire transfers. Moreover, transaction speeds have improved remarkably, transitioning from days to mere moments.</p>
<p>Previously, MassPay facilitated stablecoin transactions through other partners. However, integrating with Coinbase enables MassPay to expand its service capacity and strengthen institutional confidence in its offerings.</p>
<p>The collaboration brings forward several concrete advancements:</p>
<ul>
 <li>Extensive coverage across 180 countries via their payment network.</li>
 <li>Seamless movement between fiat currencies, USDC, and other digital assets.</li>
 <li>Cost savings of about 40% to 70% in comparison to traditional wire services.</li>
 <li>Near-instant transaction completion, unlike the typical multi-day processes.</li>
</ul>
<blockquote>
 <p>Jointly, the firms noted the capability for clients to alternate among fiat, USDC, and assorted digital assets, streamlining cross-border transactions.</p>
</blockquote>
<h2 id="why-are-stablecoins-gaining-traction">Why Are Stablecoins Gaining Traction?</h2>
<p>This partnership underscores an increasing industry inclination towards stablecoin solutions. Financial and payment operators are increasingly utilising these technologies for global fund transfers.</p>
<p>Notable instances include Stripe and Circle. In early 2025, Stripe acquired Bridge, a stablecoin-focused firm, to accelerate international commercial exchanges. Similarly, Circle unveiled its Payments Network in April 2025, aimed at linking banks and financial services for real-time, cross-border dealings, mainly using USDC and EURC stablecoins designed for payments.</p>
<h5><span>Continue Reading: </span><a href="https://en.bitcoinhaber.net/innovative-partnership-reduces-fees-for-global-transfers" rel="noopener noreferrer nofollow">Innovative Partnership Reduces Fees for Global Transfers</a></h5>

Innovative Partnership Reduces Fees for Global Transfers

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