Shopify and Coinbase Partner to Develop Stablecoin Payments Protocol Commerce Payments Protocol on Base

November 4 — According to CryptoBriefing, Shopify and Coinbase announced they are jointly developing the Commerce Payments Protocol for stablecoin payments on Base. The protocol aims to simplify the process for Shopify Payments merchants to accept stablecoins such as USDC, allowing customers to pay from supported wallets without needing ETH to cover gas fees, while merchants can choose to receive funds in local currency or USDC.