Coinbase is now powering stablecoin payment rails for Spiko’s UCITS money market funds, making them the first in Europe to accept USDC and EURC for subscriptions. With the new setup, investors can fund regulated mutual fund shares using on-chain dollars or euros instead of traditional bank transfers. As a result, Spiko’s web3 clients can move between stablecoins and fund units with far less friction than before.
Stablecoin Funding for UCITS Funds
According to Coinbase’s announcement, Spiko is using Coinbase Payments on Base to enable investors to subscribe to its UCITS money market funds 24/7 in USDC or EURC. The system connects Spiko’s front end to Coinbase’s stablecoin rails, enabling on-chain payments to settle quickly while the fund remains within a fully regulated European framework. Therefore, large holders of stablecoins can allocate to short‑term euro or dollar money market strategies without leaving the crypto ecosystem.
Coinbase says investors can redeem fund shares back into stablecoins “in minutes,” rather than waiting days for bank wires or fiat transfers. Because the flow runs on Base, Coinbase’s layer‑2 network, users benefit from lower transaction costs and faster confirmations compared with many older chains.
Spiko’s own materials describe the service as a way to “put your fiat or stablecoins to work in UCITS funds” via an interface, API, or smart contracts across four currencies.
How Coinbase Payments Fits In
Coinbase Payments is the infrastructure that handles stablecoin invoicing, on-ramps, and settlement for merchants and financial platforms. In Spiko’s case, it serves as the bridge between on-chain USDC and EURC holdings and an off-chain fund register, tracking who owns money market units at any given time.
Additionally, Coinbase already supports 1:1 conversions between euro and MiCA‑compliant EURC in Europe, which helps keep the stablecoin leg tightly linked to traditional cash balances.
In its blog post, Coinbase said Spiko’s use of stablecoin rails shows how “regulated funds can tap into global crypto liquidity without sacrificing compliance.”
It also noted that stablecoin payments can give institutional and web3 investors “instant, low‑cost, global” access to products that previously relied on slower banking systems. Consequently, this partnership hints at a future in which more European UCITS and similar vehicles accept direct stablecoin funding alongside conventional wire transfers.
