Solana Pay integrates plug-in with Shopify for USDC paymentsSolana Pay, a decentralized payment protocol by Solana Labs, has integrated its plug-in with Shopify, allowing millions of businesses on its platform to use it for payments. Solana Pay launched in February 2022 and is built on top of the layer-1 blockchain Solana. USDC, the second-largest stablecoin with a market capitalization of $25.9 billion, will be the initial payment option for this integration.
Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New BlockchainsCryptocurrency exchange Coinbase (COIN) is getting a minority stake in Circle Internet Financial and the companies are dissolving their Centre Consortium partnership that had issued USD Coin (USDC), the world’s second-largest stablecoin. As part of the move, Circle will bring issuance and governance of USDC fully in-house. Also, six more blockchains will gain native support for USDC, which is pegged to $1, bringing the total number of supported blockchains to 15.