Shopify to Launch USDC Payments for Merchants on Coinbase’s Base

Key points include: Merchants can accept Circle’s USDC token on-chain with local currency settlements, avoiding foreign transaction fees. Shopify plans to offer a 1% cash back incentive for customers paying with USDC later in the year. Stablecoins are increasingly utilized for payments and remittances, showing a 54% growth in supply year-on-year.

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