Coinbase partnered with Shopify and fintech provider Stripe to enable USDC payments on Shopify’s platform via Base, offering merchants up to 0.5% cashback and customers up to 1%

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Shopify also plans to give up to 1% cashback to customers paying with USDC, and merchants who accept USDC will earn up to 0.5% back.

Shopify will give merchants who accept USDC up to 0.5% cash back in the U.S. and other countries

The e-commerce company worked with Coinbase to develop a payments protocol to handle chargebacks, refunds, and other intricacies of retail payments on Coinbase’s blockchain, Base.

By late June, Shopify will let a select group of users accept payments in USDC

It also collaborated with fintech giant Stripe, one of Shopify’s payments processors, to integrate stablecoins into the e-commerce company’s existing software stack.