Coinbase will provide merchants with a solution to integrate USDC payments

The solutions supplied by the exchange have already been integrated by e-commerce giant Shopify

Coinbase has launched a USDC payments platform for businesses

19.06.2025 - 14:40

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3 min

What’s new? Leading US centralized crypto exchange (CEX) Coinbase has officially launched Coinbase Payments, a three-layer platform that allows merchants to add payment in USDC stablecoins without running their blockchain infrastructure.

Coinbase Press Release

What else is known? The platform provides a Stablecoin Checkout interface that supports hundreds of crypto wallets, enables gas-free transactions, and records payments in USDC.

Also on the platform is the E-commerce Engine, which provides APIs for authorization, refunds, roster management, and subscriptions, allowing payment service providers to integrate Stablecoin flows into existing merchant dashboards.

In turn, Commerce Payments Protocol executes smart escrow account and settlement contracts in less than 1 second. Transactions are conducted on Coinbase’s own Layer 2 (L2) Base network based on the Ethereum blockchain.

The company said the modular design can conduct global transactions at a lower cost than traditional card-based payment networks.

Last week, e-commerce giant Shopify activated the Coinbase stack for a select group of sellers, in one of the first large-scale retail deployments of USDC. So, buyers pay in USDC, and Shopify receives payments in fiat money or stablecoins at the sellers’ discretion.

Shopify now plans to add a 1% cashback in USDC for consumers. According to Coinbase, more than half of Fortune 500 companies are experimenting with on-chain tools, while about a third of small businesses already accept cryptocurrencies.

The exchange aims to position USDC as the default mode of internet payments. The asset was developed through a joint effort between Coinbase and fintech company Circle, which recently went public on the exchange under the ticker CRCL.

USDC issuer saw its share price rise 168% on the day of its IPO

The company offered 34 million shares and raised $1,1 billion

Platforms that connect Coinbase’s solution will be able to add the option to withdraw in local currencies, transaction tracking for auditing purposes and programmable rewards systems.

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