Shopify is enabling merchants to accept payments in USDC stablecoin, simplifying cross-border transactions. This new feature allows merchants to sell globally as easily as to local customers, according to a company blog post on Thursday.
Developed in collaboration with Coinbase and Stripe, the payment system uses Coinbase’s Base network to facilitate money movement. Customers can pay with USDC from hundreds of supported crypto wallets, while merchants can receive payments either in their local currency or directly in USDC.
Importantly, merchants will face no foreign transaction or exchange fees regardless of their preferred payment receipt method.
“By embracing stablecoins, merchants aren’t just adopting a new payment method, they’re tapping into global markets, opening the door to global customers, and joining the future of borderless, accessible commerce,” the Shopify post stated.
Coinbase announced early access availability for select merchants starting Thursday, with a wider rollout planned later this year. The company praised the Base network for enabling fast, low-cost, and secure on-chain transactions worldwide.
Stripe confirmed that within a few weeks, Shopify merchants in 34 countries will have access to the new payment method. Powered by Stripe Connect, this integration aims to extend stablecoin benefits to a large number of businesses without disrupting their current operations.
Neetika Bansal, head of money movement at crypto at Stripe, commented, “Now those businesses can reach more markets at lower costs — all without having to change how they already run their business.”