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TEXXR

Chronicles

The story behind the story

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Shopify partners with Coinbase to enable USDC payments for its merchants through Coinbase's Base layer-2 network, starting with a limited group of merchants

The integration is set to roll out on June 12 to a limited group of early access merchants, with wider availability expected later in the year.

CoinDesk

Context & Ripple Effects

Shopify has repeatedly tested crypto payment rails: it added Coinbase Commerce support for merchant crypto acceptance in 2018, then offered a Lightning-based bitcoin option through Strike in 2022. This partnership returns Coinbase to Shopify checkout with USDC and a Base-based route rather than a broad basket of crypto assets.

The move also extends a longer USDC distribution arc, following Coinbase's expansion of USDC trading to 85 countries. Its significance lies in putting that asset and Coinbase's network directly into a major merchant platform's payment configuration.

First-order effects

  • A limited set of Shopify merchants can begin offering USDC payments through Coinbase's Base layer-2 network, ahead of a planned wider rollout later in the year.
  • Coinbase gains a new merchant-distribution channel for both USDC payments and Base, while Shopify adds another optional checkout rail for participating sellers.

Second-order effects

  • Payment providers and other crypto-payment integrations serving Shopify merchants will need to differentiate on merchant onboarding, supported assets, network choice, or checkout experience as Coinbase becomes a native platform partner.
  • Merchants that adopt the option will have to decide whether a USDC-and-Base flow fits their customer demand and operational payment setup alongside existing methods.

Third-order effects

  • If wider availability produces meaningful merchant uptake, ecommerce platforms may increasingly determine which blockchain payment networks reach consumers, concentrating distribution power at the checkout layer.
  • The pattern points to crypto payments evolving from stand-alone merchant plug-ins toward platform-integrated, asset-specific rails; sustained adoption remains dependent on merchant and buyer use.

The trend: Crypto payment adoption is shifting toward stablecoin-based, platform-distributed checkout rails tied to specific networks.

Discussion

  • @awpiitr @awpiitr on bluesky
    Shopify.  —  Not the good guys on so many levels, starting right at the top.  [embedded post]
  • @tobi Tobi Lutke on x
    Shopify will enable USDC (Stablecoins on @Base ) in Checkout via Shopify Payments and Shop Pay.  Early access starts today, roll out throughout the year.  We think that stablecoins are a natural way to transact on the Internet and worked with coinbase to develop the commerce paym…
  • @base @base on x
    “Pay with crypto” Millions of @Shopify stores are about to accept USDC on Base. Pay with USDC, get 1% back. The onchain internet just got its checkout button. [image]
  • @harleyf Harley Finkelstein on x
    Stablecoins like USDC have grown to over a trillion dollars in monthly transaction volume. But they haven't seen mass adoption in mainstream commerce. @Shopify is partnering with @coinbase and @stripe to change that. Merchants can now accept USDC payments from hundreds of
  • @bantg @bantg on x
    that shopify/coinbase news is massive. it's a de facto standard for smaller shops and you will be able to pay with crypto in all of them. time to stock up on usdc on base.
  • @base @base on x
    “ @Shopify rolling out stablecoins across their platform is a watershed moment for crypto.” - @jessepollak on @CNBC [video]
  • @0xmert_ Mert on x
    @tobi @base What's the point of narrowing your top of funnel? You should support all chains that stripe via usdc supports
  • @jeff_weinstein Jeff Weinstein on x
    cool to see a such a joint effort across this mad lib of future thinking fintech companies: @shopify + @coinbase + @base + @stripe
  • @amishrarohit Rohit Mishra on x
    Today, we are launching USDC support on @Shopify Payments. We have partnered with Coinbase to build a new escrow smart contract on @base that makes crypto payments work seamlessly for ecommerce. Auth, capture, refunds - all work as you expect. We have worked with @stripe to make …
  • @1crypticpoet @1crypticpoet on x
    No more “which @base project gets listed next?” They all just did. Every memecoin. Every token. Now tradable by millions, straight from the @coinbase app. Coinbase just brought the Base trenches to the normies. LFB! [video]
  • @jessepollak @jessepollak on x
    we worked with shopify to build a new commerce payments protocol millions of stores, all around the world, will use it accept USDC on @base this is building a global onchain economy — and it's still day one.
  • @mcfazeli Mani Fazeli on x
    USDC payments are a massive win for Shopify merchants. Swift, secure, borderless. Works with guest checkout and Shop Pay, powered by the @Base network and a new escrow smart contract. Early Access starts today. Welcome to the future. 💸
  • @backseatvc Jen on x
    Platforms using @Stripe Connect can now offer stablecoin payments to their users! This means businesses can: 🌎 reach more markets 💰 at lower cost First out of the gate is @shopify, enabling millions of their merchants to accept payments in USDC! [video]
  • @shopifyeng @shopifyeng on x
    🚀 Today, we announced our partnership with @coinbase to launch the Commerce Payments Protocol to enable real-world commerce. Learn more about why we're taking payments onchain and the new protocol we've created together here: https://shopify.engineering/ ...
  • @tobi Tobi Lutke on x
    This work will also allow us to offer buyer incentives like 1% cash back in the future. And it's all transparent to merchants, they will simply get normal local currency payouts the same as usual (unless you choose to keep it as USDC!). Stripe helped us make this totally seamless
  • @ilikesymmetry @ilikesymmetry on x
    Today, @shopify and @coinbase are launching the Commerce Payments Protocol: a new standard for scalable, trust-minimized commerce. Powering USDC payments on @base for select merchants today and millions of Shopify stores worldwide soon. [image]
  • @yugacohler @yugacohler on x
    Thrilled to share that the @CoinbaseDev APIs are powering Shopify's integration with USDC and Base! Our Smart Account APIs facilitate these payments, enabling commerce at scale. The world is coming onchain. Base 🤝 CDP 🤝 Shopify [image]
  • @buildonbase @buildonbase on x
    We're bringing commerce onchain with @Shopify Most onchain payments today don't work for merchants as they lack things like refunds or tax finalization. The Commerce Payments Protocol fixes this. Soon millions of Shopify stores globally will accept USDC on @base!
  • @shopify @shopify on x
    stablecoin payments + Shopify Payments look good together kind of like Shopify + @base
  • @chamath Chamath Palihapitiya on x
    Stablecoins are the grand unifying theory of financial services.  It makes competitors out of EVERYONE.  The winner will be consumers and businesses.  The impacted are the rent-seeking companies who charge excessive fees for little value.  Stablecoins alone could return 100-200bp…
  • @matthuang Matt Huang on x
    Stablecoin supercycle
  • r/AMPToken r on reddit
    Shopify to Enable USDC Payments on Coinbase's Base for Merchants Worldwide.  No mention of Flexa, please tell me they're involved though.
  • @prietschka Paul Rietschka on bluesky
    Someone is going to get fired when it's clear this has harmed Amex's brand.  [embedded post]
  • @quinnypig.com Corey Quinn on bluesky
    I'm astonished that Amex, which historically has only been ~5% less rabid about its brand image than Disney, is willing to go along with this tomfoolery.  [embedded post]
  • @coinbase @coinbase on x
    Introducing the Coinbase One Card. Earn up to 4% bitcoin back on every purchase. Powered by @AmericanExpress network. Coming fall 2025. [video]
  • @immuneeb Muneeb Imtiaz on x
    We've been hard at work building a credit card we'd be excited to use. THE credit card for anyone bullish on crypto. No gimmicky points or categories, just stacking sats with every swipe. Excited to share it with the world. Join the waitlist for early access!
  • @thinkingvols Marty on x
    @coinbase @AmericanExpress cant wait for coinbase to block my account and then my credit card and not be able to reach any support and be in limbo for 6 months.
  • @wiltrain Wilson Cheng on x
    A card that lets me spend USDC directly, while generating 4% on the USDC balance, AND 4% cashback on spending, AND the cashback is in BTC (which in last 10+ years... has been an appreciating asset). Ready to sign up
  • @cardless @cardless on x
    Coming soon, built on the @cardless platform. Excited to work with our new partners at @coinbase!
  • @maxbranzburg Max Branzburg on x
    A credit card with the best kind of rewards: - Up to 4% bitcoin back on EVERY purchase, no category limits - Benefits from the American Express Network - A badass metal card engraved with code from the Genesis Block Sign up to the waitlist now.
  • @antoniogm Antonio García Martínez on x
    THEY PUT THE BITCOIN GENESIS BLOCK ON THE COINBASE AMEX CARD (Including the snarky anti-bank Easter egg) [image]
  • @wublockchain Wu Blockchain on x
    At the 2025 State of Crypto Summit, Coinbase announced it will launch the Coinbase One Card in fall 2025, offering up to 4% bitcoin back on every purchase. The card is powered by the American Express network. Coinbase also revealed plans to introduce perpetual futures products in
  • @scottshapiro @scottshapiro on x
    Coinbase One Card: 4% back on every purchase in every category! (on top of 4+% rewards on your USDC) [image]
  • @grahamstephan Graham Stephan on x
    @WatcherGuru Fine print: Available for those who pay for Coinbase One ($29.99/mo). The card also has a $49/yr fee. To get “up to 4%,” you have to keep a certain amount of assets on Coinbase. At bare minimum, you need to spend $10,250 just ot break even + hold assets on exchange. …
  • @wclementeiii Will on x
    Wow big day for Coinbase perps in the US and Bitcoin rewards credit card with Amex
  • @grahamstephan Graham Stephan on x
    @WatcherGuru Most people would be better off with Robinhood Gold - $50/yr subscription, then 3% unlimited cash back to invest in BTC. Breakeven is $5000 compared to a standard 2% cash back card. Not affiliated whatsoever, just a nerd for credit card rewards. Will pass on Coinbase…
  • @fitztepper Fitz Tepper on x
    Excited to finally share this - the new @coinbase one credit card was built on the @cardless platform. So much more to come 💳🚀
  • r/wallstreetbets r on reddit
    Coinbase beefs up subscription plan by offering it with American Express credit card