Coinbase Business launched an all-in-one crypto operating platform in June 2025, offering startups and small businesses in Singapore integrated payment, custody, and management tools designed around stablecoins such as USDC and XSGD. The platform targets local enterprises seeking faster settlement and lower fees than traditional banking, and it positions Singapore as the first international market for a suite of crypto-native business services. By centering operations on stablecoins pegged to fiat, Coinbase Business seeks to combine digital asset efficiencies with price stability, while also integrating custody and portfolio management into a single account experience. The offering is presented as a way to streamline treasury, payments, and accounting workflows with fewer intermediaries. Businesses in Singapore can settle transactions instantly using USDC, which is pegged 1:1 to the US dollar and eliminates chargebacks, thereby reducing certain fraud vectors and settlement uncertainty. USDC payments are framed as faster and cheaper than conventional bank transfers, and Coinbase Business complements this with rewards for holding USDC, offering up to 5.05% APY without lockups, subject to regional variation and change. The platform also supports trading and asset management directly from operating accounts, allowing businesses to move between crypto and fiat with no commission on USD:USDC conversions until further notice, while noting that spreads and third-party processing fees may still apply. Global payouts and automation capabilities permit businesses to handle payroll and vendor payments through integrated APIs, which use stablecoin rails to lower cross-border fees and accelerate settlements, and real-time SGD transfers are enabled via a partnership with Standard Chartered to bridge crypto flows to local fiat liquidity. Onboarding for Singapore businesses is free and approvals can be completed in as little as two days, and integrated accounting tools provide reconciliation with QuickBooks and Xero to reduce manual entry and improve reporting accuracy. While the platform offers operational efficiencies and integration benefits, caution is warranted regarding regulatory developments, reward rate variability, and remaining counterparty and conversion costs, which should be evaluated as part of routine risk management. Coinbase Business launched in Singapore on Nov. 12, 2025, marking the platform’s first international market. Coinbase also offers integrated APIs for vendor and payroll automation to help companies scale payment operations. This approach also benefits from eliminating chargebacks, which mitigates disputes and reduces operational risk for merchants.
