Shopify collaborates with CEX and Stripe to promote USDC stablecoin payments

[Shopify collaborates with CEX and Stripe to promote USDC stablecoin payments] According to two announcements released on Thursday, Shopify has partnered with CEX and Stripe to make it easier for merchants to accept payments in Circle's USDC stablecoin. Stripe stated in a press release: "Shoppers will be able to pay with USDC on Base using their preferred crypto wallets. By default, Stripe will allow merchants to receive stablecoin payments in their preferred local currency and deposit them into their bank accounts just like any other payments they receive." Stripe stated that this service will be available to Shopify merchants in 34 countries/regions. Stripe indicated that over the past two years, stablecoin payments have settled over $94 billion, during which monthly payment amounts grew from less than $2 billion to over $6.3 billion.

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