BlockBeats reported on June 13, 2025, that e-commerce platform Shopify has announced collaborations with Coinbase and Stripe to support merchant acceptance of USDC stablecoin payments. This initiative allows consumers in 34 countries to pay using USDC on the Base blockchain, while merchants can opt to receive settlements in local fiat currencies deposited directly into their bank accounts.
According to Shopify's COO, this partnership eliminates the need for merchants to build crypto payment infrastructure independently, streamlining global stablecoin adoption. Coinbase also introduced a "Commerce Payment Protocol" with Shopify to address cryptocurrency payment challenges in commercial transactions.
Key Features of the Partnership
- Global Reach: Supports USDC payments across 34 countries via Base blockchain.
- Fiat Conversion: Merchants receive funds in local currency without handling crypto volatility.
- Infrastructure-Free Solution: Shopify handles crypto-to-fiat conversions and compliance.
Why This Matters
Stablecoins like USDC bridge the gap between traditional finance and crypto, offering:
- Speed: Near-instant settlements compared to conventional banking.
- Cost Efficiency: Lower transaction fees than credit card networks.
- Borderless Transactions: Eliminates currency exchange hurdles for international sales.
👉 Explore how USDC transforms e-commerce payments
FAQs
1. Which cryptocurrencies are supported in Shopify's new payment system?
Currently, only USDC on the Base blockchain is supported, with potential expansions based on demand.
2. Do merchants need a Coinbase account to receive USDC payments?
No. Shopify manages the conversion process—merchants receive payouts in their local currency without direct crypto involvement.
3. How does this benefit international sellers?
By bypassing traditional currency conversions and high cross-border fees, sellers gain faster access to funds at reduced costs.
Industry Impact
This collaboration signals growing institutional adoption of stablecoins, particularly in sectors like e-commerce where transaction efficiency is critical. Analysts predict similar integrations from competitors as crypto payment infrastructure matures.
👉 Learn about the future of blockchain payments
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