Coinbase Global has launched a payments platform aimed at making stablecoins a standard option for online transactions, Bloomberg reports.

The rollout comes shortly after the US Senate passed stablecoin legislation and targets the multitrillion-dollar e-commerce sector.

By offering a stablecoin-based solution, Coinbase is positioning itself as a potential alternative to traditional networks like Visa and Mastercard.

Coinbase Payments is built for platforms such as Shopify and eBay, helping merchants, particularly small and medium-sized businesses, reduce reliance on costly card transactions.

The platform is designed to mirror credit card infrastructure, making it easy to integrate into existing checkout systems.

Shopify is the first to adopt the service. Through a partnership with Coinbase and Stripe, merchants can now accept Circle’s USDC stablecoin using Coinbase’s Base blockchain.

The system offers faster settlement, lower fees, and access to a broader customer base.

Features include a checkout interface compatible with wallets like Coinbase Wallet, MetaMask, and Phantom.

Merchants also gain tools for transaction processing, refunds, and subscription management without needing blockchain expertise.

Coinbase, which currently earns most of its revenue from crypto trading, views the initiative as a move to diversify its business.

Separately, Coinbase announced plans to allow USDC to be used as collateral in US futures trading.

Its derivatives unit is working with clearing house Nodal Clear and regulators to establish what it expects will be the first regulated use of stablecoin collateral.

Featured image: Edited by Fintech News Singapore, based on image by alexanderchaykin via Freepik