Stablecoins are transforming global financial transactions. With over a trillion dollars in monthly volume, stablecoins like USDC have gained traction but lacked mainstream commerce adoption—until now. Shopify, in collaboration with Coinbase and Stripe, enables merchants to accept USDC payments globally via the Base network, seamlessly integrating with existing payment workflows.
Announcing USDC on Shopify Payments
Customers can now pay with USDC on Base using supported crypto wallets, including guest checkout and Shop Pay.
Merchant payout options:
- Auto-conversion: USDC payments convert to local currency with no FX fees, deposited directly to the merchant’s bank account.
- Crypto withdrawal: Merchants may withdraw USDC to their personal crypto wallet.
Upcoming benefits (2025):
- Merchant rebates: Up to 0.50% on USDC orders for eligible shops.
- Customer rebates: US customers will receive additional savings later this year.
Why Stablecoins Are Revolutionizing Commerce
Three innovations drive this shift:
- Stablecoins: Pegged 1:1 to fiat currencies (e.g., USDC to USD).
- Scalable networks: Base offers fast, low-cost transactions.
- User-friendly wallets: Streamline digital payments.
Key Advantages of USDC
- Stability: Backed by USD reserves, USDC avoids crypto volatility.
- Global accessibility: Widely accepted and easily exchangeable.
- Faster checkouts: Wallet integrations reduce friction.
Secure Infrastructure
- Base network: Built on Ethereum, Base provides a 24/7 payment rail with enterprise-grade security.
- Smart contracts: Shopify and Coinbase’s escrow solution ensures compliant authorization and delayed capture.
👉 Learn more about Base network integrations
Future-Proof Your Store With USDC
Embrace borderless commerce by accepting USDC:
- No additional integrations: Works natively with Shopify Payments.
- Expand markets: Attract crypto-savvy customers globally.
To enable USDC:
- Navigate to Payments in your Shopify admin.
- Adjust settings per your preference.
👉 Explore Shopify’s payment solutions
FAQ
Q: Is USDC stable?
A: Yes. Each USDC is backed 1:1 by USD reserves, ensuring price stability.
Q: How are payouts processed?
A: Merchants receive funds in local currency (default) or USDC, adhering to their existing payout schedule.
Q: Are there fees for USDC transactions?
A: Standard Shopify Payments rates apply. Auto-conversion has no extra FX fees.
Q: Which countries support merchant rebates?
A: Initially available in the US and select regions, with expansion planned.
Q: How secure are stablecoin payments?
A: Base’s blockchain infrastructure and smart contracts ensure enterprise-grade security.