Coinbase Business Launches in Singapore, Bringing USDC Payments, Crypto Tools to Startups

Coinbase has expanded its reach beyond the United States with the official launch of Coinbase Business in Singapore, marking its first international rollout of the crypto operating platform.

Key Takeaways:

• Coinbase launched its first international platform, Coinbase Business, in Singapore.
• The platform offers startups and SMBs instant USDC payments, global transfers, and integrated crypto management tools.
• The rollout builds on Coinbase’s collaboration with Singapore’s Monetary Authority (MAS) under the BLOOM Initiative.

The move allows Singaporean startups and small-to-medium businesses (SMBs) to access instant USDC payments, global payouts, integrated trading tools, and automated accounting.

Coinbase Expands Overseas with Singapore Launch

Singapore, a key fintech hub and one of Asia’s most crypto-forward economies, is the first country to host the platform’s international debut.

Coinbase said the launch builds on its recent collaboration with the Monetary Authority of Singapore (MAS) under the BLOOM Initiative, which aims to promote borderless and compliant digital payments.

The new business suite offers a full financial operating stack for companies integrating crypto into daily operations.

Core features include USDC-based global payments, an API for automated payroll and vendor management, and a 1% transaction fee for cross-border payments, a fraction of traditional credit card processing costs.

Businesses can also earn yield on USDC balances and reconcile their books through QuickBooks and Xero integration.

Coinbase Business allows firms to securely buy, sell, and manage digital assets directly from their operating account.

The company says this provides Singapore’s rapidly growing startup scene with “a command center where money moves as fast as ambition.”

The launch is backed by a partnership with Standard Chartered Bank, enabling seamless real-time SGD transfers for both retail and business users.

Coinbase said this banking link ensures fiat-crypto integration under Singapore’s strict regulatory standards.

“This expansion underscores our commitment to supporting the region’s innovation economy,” Coinbase said in its announcement.

“We’re empowering Singaporean businesses with faster, cheaper, and programmable financial tools for the next era of global trade.”

Coinbase’s Singapore launch comes amid rising institutional adoption of stablecoins like USDC and growing regulatory clarity across Asia.

The company’s participation in MAS’s Agentic Payments workstream signals deeper involvement in shaping compliant digital asset infrastructure across the region.

Early access for Singaporean firms is now open.

Coinbase Says Stablecoins Strengthen US Banking System

Last month, Coinbase rejected claims that the growth of stablecoins could drain deposits from US banks, arguing instead that they reinforce the dollar’s global dominance.

Shirzad said most stablecoin demand comes from international users seeking dollar exposure, not from U.S. savers.

The firm added that about two-thirds of stablecoin activity occurs on DeFi platforms, separate from traditional banking, and compared the current fears to those raised during past financial innovations like money market funds.

Meanwhile, the Bank of England (BOE) is also preparing to release its long-awaited regulatory framework for stablecoins, aiming to match the pace of US developments in digital asset oversight.

Deputy Governor Sarah Breeden dismissed suggestions that the UK is trailing behind the US, telling Bloomberg that the new regime would become operational “just as quickly as the US.”

The BOE will publish its formal consultation on stablecoin regulation on November 10.

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