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Coinbase is entering the online payment arena with a new platform designed to promote stablecoin usage for e-commerce transactions. This move aims to make cryptocurrencies pegged to the US dollar a mainstream payment option. The initiative coincides with recent stablecoin legislation progress in the US Senate and growing interest from major retailers looking to leverage stablecoins for online payments within the vast $6 trillion e-commerce market. By simplifying stablecoin integration for merchants, Coinbase hopes to accelerate their adoption and challenge traditional payment methods. This development signals a significant step toward wider cryptocurrency acceptance in everyday online commerce.
