Shopify Pioneers USDC Payments on Coinbase's Base Network with Cashback Incentives

E-Commerce Giant Embraces Stablecoin Payments

Global e-commerce platform Shopify has launched early access to USDC stablecoin payments through Coinbase's Base network, marking a significant step in crypto payment integration. The feature, available to select merchants starting June 13, will offer cashback rewards and expand Shopify's cryptocurrency checkout options through its payment system.

Strategic Partnership with Coinbase

Shopify CEO Tobi Lutke described stablecoins as "a natural way to transact on the internet" in a social media announcement. The collaboration involves technical development of a commerce payment protocol smart contract with Coinbase. ——This partnership represents one of the largest implementations of stablecoin payments in mainstream e-commerce——

The Base network, Coinbase's Ethereum layer-2 solution, currently supports 【6%】 of USDC's total $61 billion supply. Shopify highlighted Base's advantages including ultra-fast transaction speeds and 24/7 global payment capabilities.

Payment Innovation with Buyer Incentives

Early adopters will need compatible digital wallets to process USDC payments, with hundreds of wallet options available. The system will eventually offer 1% cashback in local currency payouts, creating novel incentives for crypto payments.

Interestingly, while Base was chosen as the initial network, industry observers note Shopify's existing support for multiple cryptocurrencies through third-party gateways like BitPay and Solana Pay since 2013.

From Bitcoin Beginnings to Stablecoin Focus

Shopify's crypto journey began with Bitcoin acceptance in 2013, expanding to various digital assets through payment processors. The current USDC integration represents a strategic shift toward stablecoin adoption, building on the company's prior involvement in Meta's discontinued Diem project.

As of press time, the rollout remains in limited early access phase, with full implementation expected later this year. The move positions Shopify at the forefront of blending traditional e-commerce with blockchain payment infrastructure.