MassPay is working with Coinbase to expand a cross-border payments service based on the dollar stablecoin USDC. Cointelegraph reported on June 11 that the partnership will connect MassPay’s payments network spanning 180 countries with Coinbase’s cryptocurrency infrastructure.

Corporate customers will be able to process overseas payments while moving between fiat currency, USDC and other digital assets. Coinbase will handle wallet infrastructure, custody and on-chain settlement, while MassPay will manage final payouts through bank transfers, mobile wallets and digital-asset channels.

Raan Gruszkowski (란 그루시코우스키), MassPay’s chief executive officer, said stablecoins still account for a small share of total transaction volume. He said the new payments network is expected to support nine-digit dollar payments in its first year.

He also expressed expectations for lower customer costs and faster settlement. Customers using the system cut costs by about 40 to 70 percent versus traditional international wire transfers, he said, and settlement that took days on existing networks was processed almost instantly.

The two companies will also share responsibility for regulatory compliance. Coinbase will provide regulated custody infrastructure and licenses, while MassPay will handle know-your-customer checks across the network, sanctions screening and tax documentation processing.