MassPay integrates Coinbase payments for instant USDC cross-border payouts

The global payout platform adds Coinbase-powered USDC rails, letting businesses send stablecoin payments across borders without touching blockchain infrastructure directly.

by Editorial Team

Thu 11 Jun 2026 · 11:11 EDT 2 min read

In Finance

Coinbase Global, Inc. (COIN) price

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Last close: $161
Close-to-close change: +0.9%
Market cap: $42.5B (shares as of 2026-06-30)
P/E (trailing): Not meaningful: trailing loss. Diluted EPS −3.79 for 2025-07-01 to 2026-06-30, rolled from reported annual and year-to-date EPS (approximate) SEC filing
Annual revenue: $7.2B USD (FY ended 2025-12-31) 10-K
Annual revenue growth: +9.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income: 1,260,327,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin: 20.0% (FY ended 2025-12-31)
Forward P/E: Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Coinbase Global, Inc. and its peers

Company	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
Coinbase Global, Inc. COIN · Price dated Oct 27, 2026 · tokenized COINx	$161	$42.5B	Not meaningfulLoss, diluted EPS −3.79 to 2026-06-30 · SEC filing	Unavailable	$7.2BFY ended 2025-12-31 · 10-K	+9.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,260,327,000FY ended 2025-12-31, attributable to the company · 10-K	20.0%FY ended 2025-12-31
Strategy Inc MSTR · Price dated Oct 27, 2026 · tokenized MSTRx	$141	Unavailable	Not meaningfulLoss, diluted EPS −96.98 to 2026-06-30 · SEC filing	Unavailable	$477.2MFY ended 2025-12-31 · 10-K	+3.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K	−3,848,152,000FY ended 2025-12-31, attributable to the company · 10-K	−1,140.8%FY ended 2025-12-31
Circle Internet Group, Inc. CRCL · Price dated Oct 27, 2026 · tokenized CRCLx	$82	Unavailable	16.3	Unavailable	$2.7BFY ended 2025-12-31 · 10-K	+63.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K	−69,508,000FY ended 2025-12-31, attributable to the company · 10-K	−3.5%FY ended 2025-12-31
Bitmine Immersion Technologies, Inc. BMNR · Price dated Oct 27, 2026 · tokenized BMNRx	$22	$13.0B	Not meaningfulLoss, diluted EPS −4.50 to 2026-05-31 · SEC filing	Unavailable	$6.1MFY ended 2025-08-31 · 10-K	+84.1%FY ended 2025-08-31 vs 2024-08-31 · 10-K	348,577,000FY ended 2025-08-31, attributable to the company · 10-K	7,288.1%FY ended 2025-08-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 8:36 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

MassPay, a payout orchestration platform that already moves money across more than 70 currencies, is now letting eligible clients send USDC instantly worldwide through Coinbase’s payment infrastructure. The move adds yet another stablecoin rail to a platform that has been quietly stacking crypto-friendly payout options for the past year.

What MassPay actually built

MassPay operates as a single REST API that businesses plug into to handle payouts across dozens of methods and currencies. The Coinbase integration means USDC now joins that lineup of output channels. Clients can programmatically create and manage dedicated wallets, convert funds to USDC for treasury purposes, and initiate payouts, all without directly handling digital assets or wrestling with blockchain infrastructure.

The platform’s target customers include marketplaces, gig economy platforms, and payroll service providers.

The stablecoin payout stack keeps growing

This is not MassPay’s first crypto rodeo. The company added USDT payouts back in December 2025, and it has also integrated Visa Direct for faster fiat disbursements. The Coinbase-powered USDC capability sits alongside those existing rails, giving clients optionality depending on recipient preferences and regional availability.

MassPay has also been deepening its relationship with Circle’s broader ecosystem. Around June 9, 2026, the company expanded its integration with the Circle Payments Network specifically for USDC payouts.

Coinbase maintains dedicated infrastructure that enables USDC-based payments and settlements used by various providers. Nium, another cross-border payments company, has been using Coinbase’s infrastructure for similar USDC-based settlement capabilities.

What this means for the market

For USDC specifically, enterprise adoption through platforms like MassPay represents programmatic, recurring, volume-driven usage. Tether’s USDT still dominates by market cap, but USDC has been making inroads specifically in the regulated, enterprise-facing segment of the market. MassPay supporting both USDT and USDC gives businesses a choice, but the Coinbase integration adds a layer of institutional credibility that may tip the scales for compliance-conscious clients.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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