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Coinbase Payments, announced this week and already live with Shopify, is designed to help payment service providers (PSPs), marketplaces and eCommerce infrastructure providers to bring stablecoin payments to market more quickly.
“The web woven between platforms, businesses and customers would seem a natural fit for those coins, moving instantly between buyers and sellers, with what proponents have said is the liquidity as cash, because the coins are backed by dollar-denominated reserves and short-term U.S. Treasurys,” that report said.
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