Shopify will start unrolling USDC payments using the Base version of the stablecoin
The post Shopify will start unrolling USDC payments using the Base version of the stablecoin appeared on BitcoinEthereumNews.com.
Shopify will include USDC payments, opening early access immediately, and rolling out the service to more clients by the end of the year. The online shopping app will process payments in USDC on the Base network. Shopify will integrate USDC into its payment processing. The stablecoin will unroll in its Base version, using Coinbase’s native L2 chain. Tobi Lutke, the CEO of Shopify, announced that the company will cooperate with Coinbase to roll out payments with dedicated smart contracts. The USDC will be available through Shopify Payments and Shop Pay. Coinbase has had exploratory talks with Shopify for the past year, proposing USDC as a far-off solution. Now, USDC may be available to millions of merchants, announced Justin Gainsley, payment product developer at Coinbase. The payments for Shopify merchants will use the Commerce Payments Protocol, a collaboration between Coinbase and Shopify for an e-commerce standard for crypto. Today, @shopify and @coinbase are launching the Commerce Payments Protocol: a new standard for scalable, trust-minimized commerce. Powering USDC payments on @base for select merchants today and millions of Shopify stores worldwide soon. pic.twitter.com/kmapD5dIuJ — conner.base.eth (@ilikesymmetry) June 12, 2025 The Base version of USDC will rely mostly on Coinbase for its liquidity and switching to other crypto or fiat. The native integration of crypto into e-commerce is another step in mass adoption. The announcement arrives just days after Circle, the issuer of USDC, started trading as a public company on the NYSE. USDC remains one of the most widely used stablecoins, offering a higher level of security. Unlike other permissionless stablecoins, USDC has shown instances where Circle was able to freeze and re-mint tokens, thus compensating users in cases of fraud and losses. This made USDC more suitable for mainstream fintech usage. Stablecoins have been making crossovers into payment and fintech apps,…
Filed under: News - @ June 12, 2025 9:25 pm