Overview
- Coinbase Business opens in Singapore to serve startups and SMEs with stablecoin-based payments as the product’s first rollout outside the U.S.
- Standard Chartered provides real-time SGD transfers and local banking rails to create a hybrid model that links fiat and tokenized settlement.
- Companies can send and receive USDC for instant, final settlement that lowers cross-border costs and reduces chargebacks.
- API integrations connect invoicing and ERP tools, including QuickBooks and Xero, to automate reconciliation and streamline accounting.
- Coinbase Singapore operates under an MPI license covering digital payment tokens and cross-border money transfers, excludes domestic-only transfers and merchant acquisition, and participates in MAS’s BLOOM initiative.