Coinbase has introduced Coinbase Payments, a new service that offers stablecoin-based payments for global commerce. It allows platforms to settle transactions instantly using USDC, a regulated digital dollar.
This system operates 24/7 and removes the need for businesses to deal with blockchain infrastructure directly. The company built the service for payment providers, marketplaces, and e-commerce platforms. Coinbase Payments helps them offer crypto-based payments quickly and easily.
It works without requiring teams to have deep technical knowledge about blockchains. The solution is already live with Shopify and ready for wider adoption. Coinbase developed this tool to meet the growing demand for faster and more efficient payments.
Stablecoins have already processed $30 trillion in payments over the past year. That shows a sharp increase in use and acceptance across industries. Many large businesses now use blockchain in some form, and small businesses are following.
Coinbase builds a full stack for stablecoin use
The core idea behind Coinbase Payments is to simplify the use of USDC in online transactions. The product stack has three layers. First is the Stablecoin Checkout, which is the customer-facing part. It supports wallets like Coinbase Wallet, MetaMask, and Phantom.
This checkout system is fast and does not charge users for gas fees. Second is the E-commerce Engine. It handles tasks like payment authorization, refunds, subscriptions, and recordkeeping. This part is for platforms and service providers that want to manage stablecoin operations without learning blockchain.
Third is the Commerce Payments Protocol. This part handles the actual blockchain transaction. It uses open-source smart contracts and runs on the Base network. It supports common payment features such as escrow and delayed capture.
Shopify accepts USDC with the coinbase system
Shopify already uses this system. Merchants on the platform can now accept USDC from customers around the world without changing their setup. The payments settle faster, cost less, and work around the clock. Coinbase says its system is ready for more partners.
It targets platforms that help merchants sell products and services. Companies can add stablecoin payments without overhauling their existing systems. The goal is to help them reduce costs, operate globally, and increase trust using blockchain tools.
The service will soon add extra features like off-ramps to Fiat and programmable rewards. Coinbase sees this as a step toward making stablecoins a normal part of everyday business.
