Overview

• Coinbase Payments runs on the Ethereum layer-2 network Base to process USDC transfers around the clock without requiring merchants to understand blockchain protocols.
• The platform integrates three modules: a gasless Stablecoin Checkout for wallet payments, an Ecommerce Engine API for authorizations and refunds, and a smart-contract Commerce Payments Protocol.
• Shopify has become the inaugural client through a partnership that includes Stripe, enabling its merchants to accept Circle’s USDC directly on their online stores.
• The rollout follows the US Senate’s passage of landmark stablecoin regulation on June 17, providing clearer oversight for dollar-pegged digital tokens.
• Stablecoins handled $30 trillion in transaction volume last year—triple the prior year’s total—highlighting growing demand for faster, lower-cost payment options.