The share price of e-commerce retailer Webuy Global (NASDAQ: WBUY) is breaking out as investors react to news of a partnership with Coinbase Commerce, which will enable stablecoin payments.
In pre-market trading on Monday, WBUY surged over 94%, reaching $10.94, up from the previous session’s close of $5.31.
The sharp rally reflects growing investor enthusiasm about the company’s pivot toward digital payment solutions, particularly for international travelers.
The new integration will allow customers to make purchases using a wide range of cryptocurrencies, including the USDC stablecoin.
By teaming up with Coinbase Commerce, Webuy aims to eliminate the friction often associated with cross-border payments by offering near-instant transaction confirmation and avoiding costly banking intermediaries.
At the same time, the introduction of stablecoin transactions is part of Webuy’s broader digital transformation strategy, which includes AI-powered itinerary planning tools and a revamped travel wallet experience.
Beating the competition through stablecoins
Analysts suggest that the move could help Webuy stand out in the crowded travel and e-commerce sectors, particularly among crypto-friendly users seeking efficient payment options while abroad.
The move also comes at a time when stablecoins are gaining traction as a reliable method for fast, low-cost international payments, especially as the United States advances efforts to regulate digital assets.
“As we expand globally, offering stablecoin payments allows us to serve the evolving needs of international travelers with greater speed and convenience,” said Bin Xue, CEO of Webuy Global Ltd.
In particular, stablecoins have drawn increased attention following the passage of the GENIUS Act, the first comprehensive federal framework for stablecoins. The legislation aims to provide regulatory clarity, support innovation within the U.S., and enhance consumer protections.
Featured image via Shutterstock
