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June 13, 2025 12:53 PM
Shopify has announced a major expansion into crypto payments by integrating Circle’s USDC stablecoin through Coinbase’s Base, an Ethereum layer-2 network. The rollout begins June 12 for a select group of early-access merchants, with a broader launch planned later this year across all users of Shopify Payments.
The partnership will allow Shopify merchants to accept USDC on-chain while continuing to receive settlements in their local fiat currency—eliminating foreign transaction fees. Shopify also plans to offer 1% cashback incentives to customers paying in USDC, a feature expected to launch later this year.
This move reflects the growing adoption of stablecoins in real-world commerce, with USDC’s supply growing 54% year-over-year and being used increasingly by platforms like PayPal and Grab for payments and remittances.
Underpinning the integration is a new open-source payments protocol developed jointly by Coinbase and Shopify. It supports key retail features such as tax handling, refunds, and delayed capture—integrated directly into existing merchant workflows.
Shopify cited Base’s speed, security, and low-cost infrastructure as key reasons for the selection, positioning the move as a step toward mainstreaming crypto-native commerce.
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