{"id":168200,"date":"2024-06-28T12:36:46","date_gmt":"2024-06-28T12:36:46","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=168200"},"modified":"2024-06-28T12:36:49","modified_gmt":"2024-06-28T12:36:49","slug":"coinbase-and-stripe-unite-to-bring-base-to-millions-adding-usdc-support","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/coinbase-and-stripe-unite-to-bring-base-to-millions-adding-usdc-support\/","title":{"rendered":"Coinbase and Stripe Unite to Bring Base to Millions, Adding USDC Support"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Strategic Partnership<\/span><\/strong><span data-preserver-spaces=\"true\">: Coinbase and Stripe join forces to enhance digital asset adoption. The focus is on integrating the USDC stablecoin into Coinbase\u2019s Layer-2 Platform Base and making it available through Stripe\u2019s fiat-to-crypto on-ramp.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">USDC for Cross-Border Transactions<\/span><\/strong><span data-preserver-spaces=\"true\">: With nearly 150 fiat equivalents supported, users can convert fiat into digital assets seamlessly. The USDC stablecoin\u2019s peg to the US dollar ensures stability.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Stripe\u2019s Crypto Initiatives<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: Stripe, a crypto pioneer, plans to reintroduce stablecoins into its services. It aims to enable merchant payments in USDC by summer, initially processing transactions through Ethereum, Solana, and Polygon.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">On Thursday, June 27, <\/span><strong><span data-preserver-spaces=\"true\">crypto exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/coinbase-review\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Coinbase <\/span><\/a><span data-preserver-spaces=\"true\">announced a strategic <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.coinbase.com\/blog\/coinbase-stripe-team-up-to-increase-global-adoption-of-crypto\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">partnership <\/span><\/a><span data-preserver-spaces=\"true\">with payments processor Stripe<\/span><\/strong><span data-preserver-spaces=\"true\">, aiming to enhance the adoption of digital assets. This collaboration centers around the integration of the USDC stablecoin on Coinbase\u2019s Layer-2 Platform Base and its availability as part of Stripe\u2019s fiat-to-crypto on-ramp.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Coinbase \ud83e\udd1d Stripe<\/p>\n<p>Coinbase is partnering with <a href=\"https:\/\/twitter.com\/stripe?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@stripe<\/a> to bring <a href=\"https:\/\/twitter.com\/base?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@base<\/a>&#39;s  faster, cheaper financial infrastructure to millions of businesses around the world.<\/p>\n<p>Here\u2019s what we\u2019re doing \u2193 <a href=\"https:\/\/t.co\/OwNOFqFbFB\" target=\"_blank\">pic.twitter.com\/OwNOFqFbFB<\/a><\/p>\n<p>&mdash; Coinbase \ud83d\udee1\ufe0f (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1806425092513210492?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The inclusion of USDC on Coinbase\u2019s Layer-2 Platform Base holds significant promise<\/span><\/strong><span data-preserver-spaces=\"true\"> for cross-border remittances and settlements. With nearly 150 fiat equivalents supported, users can seamlessly convert their fiat into digital assets. The USDC stablecoin, pegged to the US dollar, ensures stability and facilitates efficient transactions.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Streamlined Customer Onboarding<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Stripe, <\/span><\/strong><span data-preserver-spaces=\"true\">a pioneer in payment processing, <\/span><strong><span data-preserver-spaces=\"true\">is no stranger to the crypto space.<\/span><\/strong><span data-preserver-spaces=\"true\"> Co-founder and president <\/span><strong><span data-preserver-spaces=\"true\">John Collison recently announced<\/span><\/strong><span data-preserver-spaces=\"true\"> at the company\u2019s Sessions conference <\/span><strong><span data-preserver-spaces=\"true\">that <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/stablecoins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">stablecoins <\/span><\/a><span data-preserver-spaces=\"true\">would soon re-enter Stripe\u2019s services.<\/span><\/strong><span data-preserver-spaces=\"true\"> This move aligns with Stripe\u2019s history as one of the first payment processors to offer Bitcoin services back in 2014.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Looking ahead, <\/span><strong><span data-preserver-spaces=\"true\">Stripe plans to introduce merchant payments in USDC by the end of this summer.<\/span><\/strong><span data-preserver-spaces=\"true\"> The company aims to integrate stablecoin payments into its checkout suite, allowing immediate settlement of USDC transactions in fiat currency. Initially,<\/span><strong><span data-preserver-spaces=\"true\"> these transactions will be processed through Ethereum, Solana, and Polygon <\/span><\/strong><span data-preserver-spaces=\"true\">blockchain networks.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Stripe and Avalanche Integration<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-168204\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StripeAvalanche.jpg\" alt=\"Coinbase and Stripe Unite to Bring Base to Millions, Adding USDC Support\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StripeAvalanche.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StripeAvalanche-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/06\/StripeAvalanche-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In addition to the Coinbase partnership, <\/span><strong><span data-preserver-spaces=\"true\">Stripe has expanded its services to include support for the Avalanche C-Chain.<\/span><\/strong><span data-preserver-spaces=\"true\"> This integration provides retail users with a seamless way to acquire AVAX directly, bypassing the complexities of traditional crypto exchanges.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Coinbase isn\u2019t stopping there. <\/span><strong><span data-preserver-spaces=\"true\">The exchange recently took legal action against the SEC and the FDIC. <\/span><\/strong><span data-preserver-spaces=\"true\">The lawsuit challenges the SEC\u2019s decision to exclude Ether (ETH) from its list of unregistered securities, a list that previously included Ripple\u2019s XRP. Coinbase\u2019s \u201cStand with Crypto\u201d political action committee (PAC) further demonstrates its commitment to advocating for the crypto industry.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In June, <\/span><strong><span data-preserver-spaces=\"true\">the PAC celebrated a significant milestone, surpassing 1 million signatures from crypto advocates.<\/span><\/strong><span data-preserver-spaces=\"true\"> As Coinbase continues to push boundaries, its partnership with Stripe promises to bring digital assets to millions of users worldwide.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Strategic Partnership: Coinbase and Stripe join forces to enhance digital asset adoption. The focus is on integrating the USDC stablecoin into Coinbase\u2019s Layer-2 Platform Base and making it available through Stripe\u2019s fiat-to-crypto on-ramp. USDC for Cross-Border Transactions: With nearly 150 fiat equivalents supported, users can convert fiat into digital assets seamlessly. The USDC stablecoin\u2019s &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Coinbase and Stripe Unite to Bring Base to Millions, Adding USDC Support\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/coinbase-and-stripe-unite-to-bring-base-to-millions-adding-usdc-support\/#more-168200\" aria-label=\"More on Coinbase and Stripe Unite to Bring Base to Millions, Adding USDC Support\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":168205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[9521,4620,4642,5170,5016,5060],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168200"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=168200"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168200\/revisions"}],"predecessor-version":[{"id":168207,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168200\/revisions\/168207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/168205"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=168200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=168200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=168200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}