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.
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 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. 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.
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 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.”
Businesses can also earn yield on USDC balances and reconcile their books through QuickBooks and Xero integration.
“We’re empowering Singaporean businesses with faster, cheaper, and programmable financial tools for the next era of global trade.” The company’s participation in MAS’s Agentic Payments workstream signals deeper involvement in shaping compliant digital asset infrastructure across the region.
“This expansion underscores our commitment to supporting the region’s innovation economy,” Coinbase said in its announcement.
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.
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.
