Coinbase and Spiko Bring Stablecoins to Traditional Finance

Coinbase has partnered with Spiko to introduce instant stablecoin access for regulated European investment funds, specifically UCITS (Undertakings for Collective Investment in Transferable Securities) money market funds. This collaboration allows eligible investors to subscribe and redeem these funds using USDC (USD Coin) and EURC (Euro Coin), marking the first time that European UCITS funds have accepted stablecoin payments.

The integration simplifies fund transactions by enabling instant subscriptions, redemptions, digital settlements, and blockchain payments. This partnership demonstrates Coinbase's strategy to expand stablecoin usage beyond cryptocurrency trading into broader financial markets.

UCITS funds are regulated investment products widely used in Europe for money market funds, bond funds, equity funds, balanced portfolios, institutional investments, and retail investment products. The participating funds become the first European UCITS products capable of accepting subscriptions and processing redemptions using both USDC and EURC.