$USDC Coinbase Offers USDC Settlements 24/7 for Platforms—Faster, Cheaper, Borderless

Coinbase launches a fully innovative USDC payment engine, reducing friction in global commerce with instant settlements, lower fees, and seamless integration, redefining the utility of stablecoins in regulated markets.

Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on June 18 its new solution to simplify stablecoin payments: Coinbase Payments.

This comprehensive system focuses on USD Coin (USDC), providing instant payments, 24/7 without requiring blockchain expertise. Already operational with Shopify, it targets payment service providers, marketplaces, and e-commerce platforms.

Coinbase highlighted the growing importance of stablecoins, reporting $30 trillion in settlements last year, tripling from the previous year. “Coinbase Payments is the first fully integrated stablecoin payment solution built for large-scale commerce platforms.

It absorbs the blockchain so you can offer native crypto payments without the need for native crypto teams,” the company explained, elaborating:

We built it to drive seamless USDC payments with faster settlement, lower fees, and global reach.

The system operates on Coinbase's Base network, ensuring fast and low-cost transactions. Coinbase Payments includes Stablecoin Checkout for native consumer wallet payments, the Ecommerce Engine for merchant APIs that handle key payment functions, and the Commerce Payments Protocol for secure on-chain transactions with features like escrow and refunds.