Coinbase Unveils Revolutionary Full-Flat USDC Payments Engine, Reducing Friction in Global Trade with Instant Settlements, Lower Fees, and Seamless Integration, Redefining the Utility of Stablecoins in Regulated Markets.

Coinbase Payments Launches Full-Flat USDC #USDC Engine to Eliminate Friction in Trade

Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced its new solution to simplify stablecoin payments on June 18: Coinbase Payments. The full-flat system is centered on USD Coin (USDC), enabling instant, 24/7 payments without the need for blockchain expertise. It already works with Shopify, targeting payment service providers, marketplaces, and e-commerce platforms.

Coinbase highlighted the growing importance of stablecoins, reporting $30 trillion in transactions last year, a three-fold increase from the previous year. “Coinbase Payments is the first complete stablecoin payments solution built for commerce platforms at scale. It abstracts away from the blockchain, so you can offer crypto payments without the need for crypto teams,” the company explained, detailing:

We built it to enable seamless USDC $USDC payments with faster settlements, lower fees, and global reach.

The system runs on Coinbase’s Base network, enabling fast and low-cost transactions. Coinbase Payments includes Stablecoin Checkout for native wallets during consumer payments, the Ecommerce Engine for merchant APIs that power key payment functions, and the Commerce Payments Protocol for secure on-chain transactions with features like escrow and chargebacks.