Coinbase announced the launch of Coinbase Payments, a new platform designed to allow merchants to accept stablecoin payments, including USDC, without requiring blockchain expertise.
The service, built on Base, Coinbase's Ethereum layer-2 network, is already operational with Shopify. Following the announcement on June 18, 2025, Coinbase shares surged 16%, while USDC issuer Circle jumped 25% to a new record.
Coinbase highlights that stablecoins facilitated $30 trillion in transactions last year, tripling the year-over-year volume. The new service integrates Stablecoin Checkout, Ecommerce Engine, and Commerce Payments Protocol.