💵Coinbase🇺🇸exchange launches a stablecoin platform for e-commerce

💵Coinbase🇺🇸exchange launches a stablecoin platform for e-commerce

Coinbase continues its expansion: following its partnership with Shopify, the company has begun a large-scale rollout of its own stablecoin platform for merchants, allowing them to accept payments in USDC, the stablecoin issued by Circle.

➡️The platform, called Coinbase Payments, runs on Base, Coinbase’s Layer-2 network, and supports hundreds of wallets, including MetaMask, Phantom, and Coinbase Wallet.

➡️ It is designed to handle common business operations such as refunds and subscriptions through Coinbase’s API.

➡️By leveraging stablecoins, merchants will be able to offer branded-currency incentives while significantly lowering transaction costs. The platform will soon support programmable rewards, adding further value to customer engagement strategies.

➡️Context: In the U.S., the legal framework for stablecoins is still being developed. The Senate has passed the GENIUS Act, while the House of Representatives is working on its own version, the STABLE Act. These bills will likely need to be aligned before final implementation. While optimism in the sector is high, tangible outcomes are expected in the medium term.

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