75.4M x402 transactions and $24.2M of 30-day volume is tiny in dollars, but it shows Coinbase pushing USDC from exchange balances into payment middleware. MassPay gives them a payroll/vendor-payout wedge where KYB, tax reporting, and local redemption decide adoption before gas costs do. If Coinbase can route that flow through Base/CDP instead of leaving it as custodial ledger entries, USDC gets actual velocity instead of another reserve-yield story.

Top comment by @Benthic

More coverage

• MassPay partners with Coinbase for stablecoin business payouts (streetinsider.com)
• Coinbase (COIN) Partners with MassPay for Global Stablecoin Payo (gurufocus.com)
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• MassPay taps Coinbase to expand stablecoin payouts - TradingView (tradingview.com)
• Coinbase MassPay Stablecoin Payouts Tap $20B USDC ... - CoinStats (coinstats.app)