The company is in one Wednesday Blog Post.
The blog post says the service, built on Coinbase’s Ethereum Layer 2 network, has been used with Ecommerce Platform Shopify, aiming to bring stable payments to merchants and support 24/7 USDC transactions without any blockchain expertise.
The company’s move coincides with the growth of a steady trend reshaping the global payments market. Payment companies such as Stripe and PayPal debut products will use blockchain technology for payments. Meanwhile, crypto-local companies like USDC issuer Circle and their payment networks are entering increasingly competitive areas.
It’s still an attractive opportunity: Coinbase said stable shares boosted $30 trillion in trading last year, a triple year-on-year increase.
The new service integrates three modular components: StableCoin checkout allows customers to pay with wallets like Metamask, Phantom and Coinbase Wallet in airless, browser-local experiences. The e-commerce engine provides the platform with an API to handle critical features such as authorization, refunds, and ledgers. Commercial payment agreements execute transactions through smart contracts, handling mechanisms such as delayed capture or OnChain custody.
In fact, this means that merchants can accept USDC from global customers at any time of the day without any other setup and lower transaction costs. Coinbase says its tools replicate the feeling of traditional payment tracks, namely plugging, dispute handling and recurring billing, while using OnChain Logic to increase speed and efficiency.
