Breaking: Coinbase Announces New Partnership To Boost EU Stablecoin Payments After MiCA License

1 hrs ago Updated 1 hrs ago

News Writer & Journalist

Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Breaking; Coinbase Announces New Partnership To Boost Stablecoin Payments In EU After MiCA License

Highlights

The Coinbase exchange has partnered with Spiko Finance in Europe.
The deal aims to power 24/7 stablecoin remittances in the EU region.
This move comes on the heels of Coinbase bagging a MiCA license in Europe last week.

AD Save up to 20% on crypto swaps in 1 click

Coinbase Global has announced a new collaboration with Spiko Finance to expand stablecoin payments for regulated investment funds (RIFs) in Europe. It is a part of its overall strategy to break into the European market after its recent receipt of a Markets in Crypto-Assets (MiCA) license.

Coinbase Enters Partnership To Power Stablecoin Payments In EU

Coinbase posted on X: “We’re partnering with Spiko Finance for instant stablecoin entry and exit in European UCITS funds.” The company added that transactions will be available “any time, any day of the week.” Moreover, the exchange emphasized its vision that “Finance should be 24/7.”

The partnership allows investors in Spiko’s European and U.S. Treasury bill money market funds to subscribe and redeem in USDC and EURC. Further, it represents the first partnership of its kind in Europe for stablecoins in money market funds. It’s powered by Coinbase Payments and runs on Base, Coinbase’s Ethereum L2 network.

We're partnering with @Spiko_finance for instant stablecoin entry and exit in European UCITS funds.

Any time, any day of the week.

Finance should be 24/7, and Coinbase Payments is building the infrastructure for it. pic.twitter.com/jmVqq5G3iU

— Coinbase 🛡️ (@coinbase) June 30, 2026

The move aims to eliminate processing times and delays of traditional settlement systems, which often require days for bank transfers and restrict liquidity and capital flows, Coinbase said. The firm referenced a recent EY-Parthenon and Coinbase survey which found that 88% of institutional investors defined T+0 securities settlement as a major use case for stablecoins.

In addition, the company said that investors will be able to transfer their idle stablecoins 24/7 into short-term Treasury-backed funds, over weekends and on public holidays. It also pointed out that redemption of the funds can be converted back into USDC or EURC within minutes rather than through the traditional settlement process.

Coinbase also said that it is providing payment infrastructure solutions including wallet services and API connectivity for automated capital flows. Meanwhile, Base is offering low-cost blockchain settlement for these payments.

Despite the new partnership, the COIN stock declined in the pre-market trading session today. At press time, the COIN stock price dropped 1.67% to $149.12 on Tuesday, June 30.

The MiCA License Feat

The announcement comes shortly after Coinbase deciding to relocate its EU headquarters from Malta to Luxembourg after receiving a MiCA license. Under the authorization, the Nasdaq-listed crypto exchange will be able to provide regulated digital asset services in all 27 member countries of the European Union.

However, its biggest rival, Binance, failed to attain a MiCA license in Greece. Thereafter, it withdrew its application to Greek authorities. This offered Coinbase an edge over the EU market.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.