Stablecoin payments are moving into the eligible enterprise merchant network of Checkout.com through a new partnership with Coinbase.
The integration is powered by Coinbase Payments and will enable consumers to pay using USDC or USDT.
Merchants will continue to settle in US dollars through Checkout.com’s existing payment rails.
The feature will be available to eligible merchants across Checkout.com’s network of more than 1,000 enterprise customers.
The company works with digital businesses that already use its platform for cards, bank transfers and digital wallets.
The partnership comes as stablecoin payments gain traction in online commerce, particularly in markets where card access is uneven, local currencies are volatile, or consumers already hold digital dollars.
According to Visa data cited by Coinbase, stablecoin transaction volume reached US$10.2 trillion over the past 12 months, up 63 percent year on year.
Merchants Keep Existing Settlement Setup
For merchants, the integration allows stablecoin payments to be added through Checkout.com’s existing platform without requiring a separate crypto integration.
Coinbase Payments will provide the buyer and merchant payment experience through its acceptance APIs.
Coinbase’s infrastructure operates across nearly 50 countries and includes custody services that have safeguarded assets for more than 14 years.
The service is designed to help enterprise merchants offer stablecoin payments while continuing to use their existing payment setup for settlement.
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Magnific