Shopify’s Base USDC Checkout Puts Stablecoins Into Mainstream E-Commerce

TL;DR: The case study referenced more than $42 million of net settled payments and over 448,000 payments on the underlying Commerce Payments Protocol dashboard as of October 2. Availability, merchant eligibility, foreign exchange terms and processing fees remain important. Base published a Shopify case study on October 29 describing how Shopify and Coinbase built a Commerce Payments Protocol that lets eligible merchants accept USDC through Shopify Payments. Under the design, customers pay with a dollar stablecoin while merchants may receive payouts in their local currency. The most concrete starting point is the dated disclosure from Shopify and Coinbase.