Today, bitcoin and crypto exchange company Coinbase, announced that businesses can now accept USD Coin using its blockchain merchant payment tool Coinbase Commerce.
USD Coin (USDC) is a US dollar-backed stablecoin from Circle and Coinbase.
Accepting USD Coin gives merchants many of the benefits of accepting cryptocurrency but at a stable price: no transaction fees, no chargebacks, and full control over funds.
The Coinbase Commerce service launched early last year and enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. Coinbase Commerce can be directly integrated into a merchant’s checkout flow or added as a payment option on popular e-commerce platforms such as Shopify or WooCommerce.