A naukri.com initiative
Tokenhell
1w
328
Image Credit: Tokenhell
Coinbase’s New Stablecoin Payments Platform To Enable Faster, Cheaper Transactions
- Coinbase has introduced a stablecoin payments service and USDC derivatives to reduce fees and grow adoption in e-commerce.
- The new Coinbase Payments platform aims to streamline stablecoin payments, offering merchants quicker settlements, reduced charges, and access to a global customer base.
- The platform includes products like a checkout tool for easy crypto wallet payments and a connectivity layer for simplified transaction processes.
- Coinbase has partnered with Shopify and Stripe to allow payments using USDC on Base network, offering faster settlements and low fees.
- Coinbase Derivatives allows USDC as collateral for regulated futures trading, aiming to transform capital markets and integrate stablecoins.
- Coinbase's acquisitions and licenses indicate strategic moves towards stablecoin integration in derivatives, amidst U.S. Senate approval for stablecoin regulation.
- The regulatory clarity on stablecoins has caused optimism, bridging cryptocurrency and traditional finance, driving Coinbase stock price higher.
- Stablecoins have proven useful in DeFi for borrowing and lending, with institutions like JPMorgan Chase venturing into stablecoin markets for instant payment options.
Read Full Article
19 Likes
For uninterrupted reading, download the app