- Coinbase enables online stores to accept USDC without requiring complex crypto tools.
- Merchants can now get fast payments anytime using wallets like Coinbase and MetaMask.
- More firms are testing onchain tools as stablecoins grow in the payment market.
Coinbase has launched Coinbase Payments, a full-stack system for stablecoin transactions, built on its Ethereum layer-2 network, Base. The platform enables merchants to accept USD Coin (USDC) payments around the clock without requiring blockchain expertise. It is already integrated with Shopify, enabling seamless global payments using wallets such as MetaMask, Phantom, and Coinbase Wallet.
A Full-Stack System for Global USDC Payments
The latest service offers stablecoin checkout, daily settlement, and lower fees, targeting marketplaces, e-commerce platforms, and payment service providers. Coinbase stated that the system is designed to replicate traditional payment structures while utilizing on-chain infrastructure for speed and flexibility.
“Coinbase Payments is the first full-stack stablecoin payment solution built for commerce platforms at scale,” the company said. It explained that the solution abstracts blockchain complexity, allowing platforms to integrate crypto payments easily without requiring crypto-native teams. Additionally, the organization reported that over $30 trillion in stablecoin transactions occurred last year, representing a threefold increase year-over-year.
Merchants can now receive USDC from customers worldwide with no additional setup, offering faster transactions and more cost efficiency. The tools support core functionalities such as dispute resolution and recurring billing, providing an experience similar to existing payment rails.
Integrating Blockchain Without Blockchain Complexity
The Coinbase Payments stack includes three core components: stablecoin checkout, fiat off-ramps, and programmable rewards. These features enable platforms to offer crypto-native payments while maintaining traditional conveniences. With the Shopify rollout already live, Coinbase is inviting other platforms to join via its developer portal.
Additionally, Coinbase noted that more than half of Fortune 500 firms are testing on-chain tools. One-third of small businesses already accept some form of cryptocurrency. Hence, the company aims to position USDC as the default payment method for online transactions by simplifying integration across various platforms.
Moreover, the company allows onboarded platforms to access transparent, auditable smart contracts and integrate on-chain loyalty systems like USDC rewards. This makes it easier for marketplaces and vendors to manage crypto payments in a compliant and scalable manner.
Related: EU Crypto Market Opens as Gemini and Coinbase Near MiCA Licenses
Will Stablecoins Redefine Global Payments?
Besides the new payment service, Coinbase is pushing for USDC’s role in regulated U.S. futures markets. Its subsidiary, Coinbase Derivatives LLC, is working with Nodal Clear to accept USDC as collateral. The arrangement is regulated by the Commodity Futures Trading Commission, with Coinbase Custody Trust acting as the custodian.
The launch follows similar efforts by payment firms like Stripe and PayPal, which are also embedding blockchain into financial products. Meanwhile, crypto-native firms like Circle continue expanding their stablecoin networks, adding more competition to the field.
