Overview

• Businesses can send and receive USDC for vendor and customer payments with no chargebacks, supported by instant settlement and API access.
• USDC balances on the platform earn 4.1% APY, with on‑demand cashouts to linked bank accounts via ACH or wire.
• Accounting and tax support includes syncs with QuickBooks and Xero via CoinTracker plus connections to tools such as Crypto Tax Calculator, alongside multi‑user controls.
• The product is in an invite‑only alpha with self‑service onboarding that typically approves within about two days, with broader launch later this year and full availability planned in 2025.
• Coinbase positions the service against fintechs like Mercury and Brex and crypto processors such as BitPay and OpenNode, while benefiting from a 50/50 USDC interest‑revenue split with Circle; the company has held talks to acquire BVNK for roughly $1.5 billion and is exploring future use cases like agentic commerce and the X402 protocol.