CEX launches stablecoin payment platform CEX Business

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On October 16, according to CoinDesk, CEX launched the stablecoin payment platform CEX Business, enabling businesses to send and receive USDC. This will streamline vendor payment processes, eliminate chargeback issues, and provide seamless API integration, helping businesses scale efficiently. The USDC balance held on CEX Business can earn an Annual Percentage Rate (APY) of 4.1%, and can be withdrawn at any time via Wire or ACH to the associated business bank account. All transactions can be synced with QuickBooks or Xero through integration with CoinTracker, allowing users to adopt crypto asset payments while maintaining compliance.

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