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The American crypto exchange Coinbase has introduced a fresh product tailored to the needs of the corporate sector. This is a platform called Coinbase Business, created to simplify settlements between companies using stablecoins, especially USDC.

The main goal of the platform is to simplify business processes. It will allow you to quickly settle accounts with suppliers, while eliminating the possibility of refunds, as is the case with banks. Plus, it offers convenient integration via the API. Thanks to this, companies will be able to expand their financial operations without having to change their existing infrastructure.

Another plus is money. USDC, based on the Coinbase Business platform, will bring 4.1 percent per annum. At the same time, they can be withdrawn at any time to the company's bank account via Wire or ACH. To ensure that everything is in order with the reporting, all transactions can be automatically synchronized with accounting programs such as QuickBooks and Xero via CoinTracker.

As Tom Duff Gordon, vice president of International Policy at Coinbase, noted, excellent cooperation remains between the companies on business expansion issues. He stressed that in some areas, interests may overlap, while other areas of activity will remain exclusive to each platform.

The entry of Coinbase Business into the market signals the reorientation of leading crypto companies: from a focus on individual traders to the creation of multifunctional tools for institutions and corporations. This suggests that the industry is ready to cooperate with traditional financial systems, offering them new opportunities, automation and access to modern digital assets.