MarketPR
Coinbase processes $1 trillion in stablecoin transfers each year, the exchange disclosed alongside the launch of a new product called Coinbase Payments, which routes international business transactions through stablecoins including $USDC.
The figure puts the exchange at the center of institutional stablecoin flow at a scale that rivals correspondent banking corridors.
What Coinbase Payments Does The service is designed specifically for businesses moving money across borders.
Rather than routing funds through traditional correspondent networks, Coinbase Payments uses stablecoins — with $USDC cited as a primary rail — to settle international transfers.
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