COINBASE LAUNCHES IN SINGAPORE TO HELP STARTUPS USE USDC AND CRYPTO PAYMENTS
Coinbase Expands to Singapore with Business Launch: Coinbase has taken a major step in its global expansion by launching Coinbase Business in Singapore—the first international version of its crypto operations platform. This rollout gives Singaporean startups and small to medium-sized businesses (SMBs) access to instant USDC payments, global transactions, built-in crypto trading tools, and automated accounting features, helping them manage digital assets with ease and efficiency.
Coinbase Expands to Singapore with Business Platform Offering USDC Payments and Crypto Tools
Coinbase has officially launched Coinbase Business in Singapore, marking its first international rollout of the company’s crypto operating platform. The move gives local startups and small-to-medium enterprises (SMBs) access to instant USDC payments, global transfers, integrated trading tools, and automated accounting features—all within a single platform.
Businesses can also earn yield on USDC balances and easily reconcile transactions through integrations with QuickBooks and Xero. Coinbase Business enables firms to securely buy, sell, and manage digital assets directly from their operating accounts, offering what the company calls “a command center where money moves as fast as ambition.”
The launch is supported by a partnership with Standard Chartered Bank, which allows real-time SGD transfers for both retail and business users. Coinbase noted that this banking link ensures smooth fiat-to-crypto integration while complying with Singapore’s strict financial regulations.
“This expansion underscores our commitment to supporting the region’s innovation economy,” Coinbase said. “We’re empowering Singaporean businesses with faster, cheaper, and programmable financial tools for the next era of global trade.”
The expansion arrives as demand for stablecoins like USDC continues to grow across Asia, alongside rising institutional adoption and clearer regulatory frameworks. Coinbase’s involvement in the Monetary Authority of Singapore’s (MAS) Agentic Payments workstream highlights its deeper role in building compliant digital asset infrastructure in the region.
Early access for Singaporean businesses is now open.
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Coinbase Defends Stablecoins as Boost for U.S. Financial System
Last month, Coinbase countered claims that the rise of stablecoins could weaken U.S. banks, asserting instead that these digital dollars strengthen the U.S. financial system and the global dominance of the dollar.
Chief Policy Officer Faryar Shirzad explained that most stablecoin demand originates from international users seeking dollar exposure, rather than from U.S. depositors. Coinbase emphasized that roughly two-thirds of stablecoin transactions take place on DeFi platforms, separate from traditional banking, comparing today’s concerns to the skepticism once aimed at money market funds.
Meanwhile, the Bank of England (BOE) is preparing to introduce its new stablecoin regulatory framework, expected to align with recent U.S. developments. Deputy Governor Sarah Breeden told Bloomberg that the UK’s new system will be implemented “just as quickly as the U.S.”
The BOE’s formal consultation on stablecoin regulation will be published on November 10.
FAQs
1. What is Coinbase Business, and where was it recently launched internationally?
Answer: Coinbase Business is Coinbase’s crypto operations platform for businesses, and it was recently launched in Singapore.
2. What features does Coinbase Business offer to Singaporean startups and SMBs?
Answer: It provides instant USDC payments, global transfers, crypto trading tools, automated accounting, and yield on USDC balances.
3. Which bank is Coinbase partnering with in Singapore, and why?
Answer: Coinbase is partnering with Standard Chartered Bank to enable real-time SGD transfers and ensure compliant fiat-crypto integration.
4. How does Coinbase view stablecoins like USDC in relation to the U.S. financial system?
Answer: Coinbase says stablecoins strengthen the U.S. financial system and support the global dominance of the dollar, rather than draining bank deposits.
5. What regulatory developments are happening in the UK regarding stablecoins?
Answer: The Bank of England (BOE) will publish its stablecoin regulatory framework on November 10, aiming to align with U.S. standards and ensure safe adoption.
