The launch marks Coinbase’s latest push into white-label stablecoin infrastructure for businesses building branded digital payment and settlement systems.
The lawsuit followed the launch of a December 2025 investigation by Missouri authorities into several crypto ATM companies, citing “deceptive fee structures” and scams.
The stablecoin issuer bought SoftBank’s 26% stake, expanding its control over the public Bitcoin holder as it moves into lending, mining and capital markets.