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Shopify is introducing USDC stablecoin payments through its Shopify Payments and Shop Pay systems, powered by Coinbase’s Base blockchain. The feature, now in early access, allows merchants to receive payouts in fiat by default while offering future buyer incentives like cashback. However, its exclusive Base integration has sparked debate over blockchain interoperability.
- Shopify's USDC payments are initially exclusive to Coinbase's Base blockchain, with fiat payouts as the default for merchants.
- Stripe facilitated the backend integration, abstracting crypto complexity for merchants while enabling future incentives like 1% cashback.
- Crypto leaders criticize the single-chain approach, advocating for multi-chain support to enhance DeFi accessibility and interoperability.
📎 Related coverage from: cryptoslate.com
