Coinbase Expands Stablecoin Payments via Checkout.com Partnership
- Coinbase has partnered with Checkout.com to enable stablecoin acceptance for over 1,000 enterprise merchants.
- Merchants can accept USD Coin (USDC) and Tether (USDT) while settling transactions in U.S. dollars.
- Visa data indicates stablecoin transaction volume reached $10.2 trillion over the past year, a growth of 63% year-over-year.
- The integration targets markets with uneven card access or volatile local currencies, offering an additional payment path without altering existing systems.
- Coinbase Payments provides infrastructure across nearly fifty countries, supported by over fourteen years of custody experience.
This partnership allows merchants to integrate stablecoins into their payment options seamlessly, potentially increasing their use in mainstream commerce where traditional payment methods are less accessible or reliable.
With stablecoin transaction volumes surging to $10.2 trillion, Coinbase’s collaboration with Checkout.com could further embed USDC and USDT into everyday online payment flows, especially in regions with limited access to conventional financial services.(Source)
