Shopify to roll out USDC Stablecoin payments on the base in Coinbase team-up

Consumers will soon have the option to buy everything from Shopify-driven traders with Circle’s USDC Stablecoin on Coinbase’s Layer-2 Network Base, thanks to a new collaboration between Shopify and Coinbase.

The position starts today in Early Access and rolls all year round to all traders, according to Shopify CEO Tobi Lutke.

“We think that Stablecoins are a natural way to handle the internet and work together with Coinbase to develop the Smart Contract of the Commerce Payment Protocol that drives this work,” Lutke posted on X (formerly Twitter).

The Shopify frontman arrived on Thursday afternoon at Coinbase CEO Brian Armstrong on the Coinbase State of Crypto Summit 2025 to break the news and told the audience that Shopify is “extremely tailored to everything that is crypto.”

“Buyers who come to Shopify stores see a USDC on the Basic Payment option, and they can use it in the same way as everything else,” said Lutke Thursday.

Previously, shoppers could use crypto to pay Shopify traders via plug -in such as Solana Pay or Coinbase commerce, but in the future the option to pay with USDC on the base will be automatically present.

To provide the new trade experience with electricity, the couple collaborated with payment giant line and built a permission -free payment protocol and smart contracts to help more complicated payment mechanics.

“What we have done is to build a smart contract that models these kinds of complex state machine to take the Escrow money and then release it to the trader when the transaction finally happens,” said Lutke.

The open-source protocol is called the Commerce Payments Protocol and brings the necessary improvements to trade payments that did not exist before.

“Payments at the chain have worked for peer-to-peer transactions, but not for more complex trade purchases that require a multiple payment obligation process,” ” Posted Basis software -Engineer Conner Swenberg On X.

“For example, sellers can no longer have an inventory and have to cancel a purchase, buyers can request reimbursements, orders can be completed in multiple deliveries, and more,” he added. : The Prert Protocol of the Commerce Payments fills this gap to enable trade on the scale. “

The protocol will now enable sellers to also make copper stimuli possible, such as providing 1% cash on purchases.

“The large collection meal from my point of view is that for the first time a large-scale e-commerce platform is that crypto payments adopts, and it only shows that crypto updates the financial system,” Armstrong said.

Shopify previously added Solana Pay in 2023, Allow payment in USDC on Solana. That plug -has one Major upgrade last year, Open the door to payments with hundreds of different assets of the Solana Blockchain.

The employee, Stripe, recently intertwined with crypto with crypto and announced an acquisition to acquire Wallet Infrastructure Company Privy on Wednesday and adding stablecoin Payment platform bridge for $ 1.1 billion In October.

Circle, the Stablecoin emittent from USDC, held last week His first public offer (IPO) for $ 31 per share. Shares had more than quadrupled in price and closed on Thursday at $ 106.54 – still considerably on the offer price.

Shares in both Shopify and Coinbase fell around 4%on Thursday.

Published by James Rubin