Webuy Global Shares Spike on Coinbase Commerce Stablecoin Deal

Webuy Global Ltd. shares surged nearly 100% on Monday after the Singapore-based travel and e-commerce company said it had integrated Coinbase Commerce to accept cryptocurrency payments.

In pre-market trading on June 30, WBUY jumped to about $10.94 from $5.31 the previous close. The move allows customers worldwide to pay for tour packages and travel products using hundreds of digital tokens – including the USDC stablecoin – via Coinbase’s payment platform.

Webuy said the feature is aimed at streamlining cross-border transactions by eliminating foreign-exchange friction and expensive banking intermediaries.

According to the company announcement, the new capability lets travelers from the U.S., Europe and other markets book China-bound tours, Southeast Asia getaways and local experiences using digital assets.

Webuy’s travel brand WeTrip, which offers high-value China tour packages to customers in over 180 countries, stands to benefit from real-time crypto payments that bypass traditional FX processing.

WeBuy Taps Coinbase for Crypto Payments

Chief Executive Bin Xue commented that “offering stablecoin payments allows us to serve the evolving needs of international travelers with greater speed and convenience,” and that integrating Coinbase Commerce would “eliminate cross-border payment friction and open new opportunities for customer acquisition” across crypto-friendly markets.

Trading activity in WBUY exploded on the news. Roughly 30 million shares changed hands Monday – far above the stock’s three-month average of about 1.8 million.

By mid-session the stock was around $8.90, implying a roughly 60% gain on the day (up from about $5.63 when the market opened) before settling nearer the morning high.

Even after the rally, Webuy’s market capitalization remains tiny – on the order of $6.3 million as of Monday morning – underscoring how a very low float can produce outsized price swings.

The Coinbase integration caps off a busy month for Webuy, which also announced partnerships in the Chinese tourism market.

Stablecoins Gain Momentum in Global Commerce

Industry watchers point out that Webuy’s announcement fits a broader trend of firms exploring stablecoin payments.

In the U.S., for example, Congress has just approved legislation to regulate stablecoins, and the Senate has passed a framework (the “GENIUS Act”) that could spur more corporate adoption.

Crypto data show the total market value of stablecoins hit a record $252 billion in mid-June, up roughly 22% so far in 2025.

Increasing Interest In Crypto

Investors have also seen large firms eye cryptocurrency. Reports in June said Walmart and Amazon are exploring dollar-backed stablecoins for payments, and Shopify confirmed it will integrate the USDC stablecoin by late 2025.

Coinbase itself has been rolling out commerce tools: its June announcement of a stablecoin payment service for online merchants came just days after the U.S. Senate action.

Crypto analysts note that stablecoins are already handling massive volumes – as Andreessen Horowitz’s Daren Matsuoka pointed out, stablecoin transaction volume over the past 12 months was roughly $33 trillion, nearly 20 times that of PayPal (and close to three times Visa’s).

Another report by fintech firm Artemis (in collaboration with stablecoin issuer Reap) found B2B stablecoin payments grew from under $100 million per month in early 2023 to over $3 billion by mid-2025, underscoring the rapid growth in cross-border crypto remittances.

For its part, Webuy said the Coinbase deal is part of a larger “digital transformation” strategy that includes AI-driven itinerary planning and wallet innovations. But some market watchers caution that small-cap issuers with minimal revenues can be volatile.

One crypto strategy analyst noted that while the Coinbase tie-up could enhance Webuy’s appeal to tech-savvy travelers, the stock should be viewed as speculative given its tiny market cap.

Still, the move highlights how stablecoin payments – once niche – are edging into mainstream commerce.

As Circle CEO Jeremy Allaire recently observed, stablecoins may be nearing an “iPhone moment” of adoption, and are arguably “the highest utility form of money ever created,” according to industry proponents.

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