Shopify is set to introduce stablecoin payments for its merchants, starting with a select group by late June, and expanding further in the U.S. and Europe. This initiative, developed in collaboration with Coinbase and Stripe, highlights the growing interest in stablecoins among major tech firms. The move is seen as a significant step in the evolving landscape of crypto payments.

Shopify is set to roll out stablecoin payments using USDC to its merchants later this year, marking its largest move into the cryptocurrency space. The integration, developed in collaboration with Coinbase and Stripe, aims to streamline payments for online retailers by allowing faster transactions and reduced fees. Merchants will have the option to accept USDC payments automatically, with incentives like cash back for those who do.