Coinbase Business Could Let Small and Midsize Firms Accept Crypto, Earn USDC Yield and Integrate With QuickBooks

• All-in-one crypto operating account for SMBs: accept, settle, pay, and integrate accounting.

• Instant crypto settlements, multi-user access, and integrations with QuickBooks and Xero.

• Businesses can earn up to 4.1% APY on USDC; Coinbase receives 50% of USDC interest revenue per agreement with Circle.

Coinbase Business platform: Accept crypto, integrate QuickBooks/Xero, and earn up to 4.1% APY on USDC — apply for early access via COINOTAG today.

Published: 2025-10-16 | Updated: 2025-10-16 | By COINOTAG

What is the Coinbase Business platform?

Coinbase Business platform is a business-focused financial product designed to let small- and midsize companies accept crypto payments, manage on‑balance crypto assets, and earn yield on stablecoins while integrating with accounting tools. The product combines instant crypto settlements, multi-user access, and accounting connections to QuickBooks and Xero to streamline operations.

How does Coinbase Business enable yield and custody options?

Coinbase Business offers businesses up to 4.1% APY on USDC held in platform accounts. That yield stems from Coinbase’s commercial relationship with USDC issuer Circle, under which Coinbase receives 50% of interest revenue generated by cash reserves backing USDC. For context, Coinbase already offers up to 4.7% APY on USDC held in self-custody using Coinbase Wallet for non-business users. These figures are reported in the Coinbase blog post and in Circle public filings as of 2025.

Product features and operational details

Coinbase describes the new product as a “crypto operating account” that blends the functions of a bank, exchange, and payment processor for businesses. Core features announced include:

• Instant crypto settlements to reduce payment latency and reconciliation time.
• Multi-user access and role controls to support finance teams and accountants.
• Accounting integrations with QuickBooks and Xero to simplify bookkeeping and reporting.
• Tax software connectivity supporting tools such as CoinTracker and Crypto Tax Calculator for tax reporting.
• Self-service onboarding with most applicants approved in as little as two days.

What Coinbase says and how businesses can use it

“Startups and small businesses are weighed down by slow payments, high fees, and outdated banking systems,” said Sid Coelho-Prabhu, Coinbase’s senior director of product management, in the company announcement. The platform is pitched to streamline payroll, vendor payments, and customer collections by allowing firms to accept crypto and either use it for payments or cash out to linked bank accounts.

Frequently Asked Questions

How can small businesses accept crypto payments and reconcile them with QuickBooks or Xero?

Businesses can accept crypto via Coinbase Business, where transactions settle instantly and post to a dashboard that connects with QuickBooks or Xero. Integration automates ledger entries and reduces manual reconciliation; tax-reporting tools like CoinTracker and Crypto Tax Calculator can further prepare files for accountants.

Can I convert customer crypto payments to USD immediately?

Yes. Coinbase Business supports instant settlements and the option to cash out directly to linked bank accounts, allowing businesses to convert crypto payments to fiat quickly for operational needs.

Competitive and regulatory context

The product places Coinbase in direct competition with yield-bearing business account providers such as fintech banks and specialized crypto payment processors. Coinbase’s access to USDC interest revenue—outlined in public disclosures from Circle and Coinbase statements—enables incentive programs like yield on account balances without Coinbase acting as the USDC issuer. Regulatory and public financial disclosures from Coinbase and Circle should be consulted for the most current terms and compliance status.

Alpha access and rollout timing

The offering is currently in alpha; Coinbase invited businesses to apply for early access and stated plans for broader availability later in 2025. Onboarding is intended to be fully self-service with rapid approvals in many cases.

Key Takeaways

• All-in-one functionality: Coinbase Business bundles payments, custody, yield, and accounting integrations to simplify financial operations.
• Yield on USDC: Businesses can earn up to 4.1% APY on USDC held in Coinbase Business accounts, reflecting Coinbase’s revenue-sharing arrangement with Circle.
• Fast onboarding and integrations: Self-service approvals in as little as two days and native integrations with QuickBooks, Xero, and tax tools reduce admin burden.

Conclusion

The Coinbase Business platform aims to bring crypto-native speed and yield to small and midsize business finance by combining payments, custody, and accounting integrations into a single product. With published APY figures, a disclosed revenue split with Circle, and a staged alpha rollout, companies can evaluate the platform against incumbent fintech and crypto payment providers. Businesses interested in early access or detailed technical integration should track official Coinbase announcements and COINOTAG coverage for updates and application details.

Sources (plain text): Coinbase blog post; Circle public filings; QuickBooks product information; Xero product information; CoinTracker; Crypto Tax Calculator. Author: COINOTAG.