Coinbase Acquires Stablecoin Studio Utopia Labs to Accelerate On-Chain Payment Business Development

Coinbase announced the acquisition of stablecoin studio Utopia Labs to accelerate the development of its on-chain payment business. Utopia Labs is a startup focused on stablecoin technology, and its team will join Coinbase's payment team to drive innovation in on-chain payments. Coinbase stated that this acquisition will help them better support global users in stablecoin trading and payments, providing more convenient and secure services.