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Shopify now lets merchants accept USDC via partnerships with Coinbase and Stripe
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Stripe handles stablecoin-to-cash conversion in 34 countries
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Aims to simplify crypto payments and reduce infrastructure burden
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Coinbase launches a protocol to streamline real-world crypto transactions
USDC Payments Arrive for Shopify Merchants
Shopify is bringing stablecoin payments to merchants through a new integration with Coinbase and Stripe. Customers in 34 countries can now pay using Circle’s USDC on the Base blockchain, with Stripe instantly converting payments to local currency for merchants.
Stripe Handles Complexity, Enhancing Crypto Usability
Stripe emphasized its role in simplifying the crypto experience. By handling stablecoin custody, conversion, and settlement, it enables Shopify merchants to receive payments like any traditional transaction. This removes key adoption hurdles such as wallet management and currency volatility.
Coinbase Unveils New Protocol for Commercial Crypto Use
Coinbase is also launching the Commerce Payments Protocol with Shopify, aimed at enabling more robust crypto-based commerce. While most current on-chain payments are designed for peer-to-peer transfers, Coinbase’s protocol introduces multi-step transaction flows suited to e-commerce environments.
Stablecoin Expansion Accelerates
The announcement follows several major developments in the stablecoin sector, including Circle’s IPO and Stripe’s acquisition of wallet provider Privy. The USDC network is also expanding to other blockchains, including XRP Ledger. With $94 billion in stablecoin transactions recorded over two years, the collaboration aims to meet rising global demand for frictionless, crypto-powered commerce.
