Webuy Global Shares Surge 100% After Coinbase Integration

Webuy Global Ltd., a Singapore-based travel and e-commerce company, announced a significant development on Monday, revealing its integration with Coinbase Commerce to facilitate cryptocurrency payments. This move led to a nearly 100% surge in the company's shares, jumping from $5.31 to approximately $10.94 in pre-market trading. The integration allows customers globally to pay for tour packages and travel products using a variety of digital tokens, including the USDC stablecoin, through Coinbase’s payment platform.

The new feature is designed to streamline cross-border transactions by eliminating foreign-exchange friction and reducing the reliance on expensive banking intermediaries. This capability enables travelers from various markets, including the U.S. and Europe, to book tours and experiences in China and Southeast Asia using digital assets. Webuy’s travel brand, WeTrip, which offers high-value tour packages to customers in over 180 countries, is expected to benefit significantly from real-time crypto payments that bypass traditional FX processing.

Chief Executive Bin Xue highlighted the strategic importance of this integration, stating that offering stablecoin payments allows the company to serve the evolving needs of international travelers with greater speed and convenience. He also noted that integrating Coinbase Commerce would eliminate cross-border payment friction and open new opportunities for customer acquisition across crypto-friendly markets.

Industry observers note that Webuy’s announcement aligns with a broader trend of firms exploring stablecoin payments. In the U.S., recent legislative actions, such as the approval of legislation to regulate stablecoins and the passage of the “GENIUS Act” by the Senate, are expected to spur more corporate adoption of stablecoins. The total market value of stablecoins hit a record $252 billion in mid-June, reflecting a 22% increase so far in 2025.

Investors have also seen large firms showing interest in cryptocurrency. Reports in June indicated that Walmart and Amazon are exploring dollar-backed stablecoins for payments, and Shopify confirmed its plans to integrate the USDC stablecoin by late 2025. Coinbase itself has been expanding its commerce tools, announcing a stablecoin payment service for online merchants just days after the U.S. Senate action.

Crypto analysts point out that stablecoins are already handling massive volumes. According to Andreessen Horowitz’s Daren Matsuoka, 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 that B2B stablecoin payments grew from under $100 million per month in early 2023 to over $3 billion by mid-2025, highlighting the rapid growth in cross-border crypto remittances.

Webuy’s integration with Coinbase is part of a larger “digital transformation” strategy that includes AI-driven itinerary planning and wallet innovations. However, 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.

Despite these concerns, the move underscores how stablecoin payments, once considered niche, are increasingly becoming a part of 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. This development highlights the growing acceptance and integration of cryptocurrency in global commerce, positioning Webuy Global at the forefront of this evolving landscape.