Base: Shopify-Coinbase Commerce Payments Protocol Tops $42M Settled

base said the Commerce Payments Protocol, built with @Shopify and @Coinbase, has processed more than $42 million in settled payments. The figure appeared in a graphic the network's official account shared on Oct. 29, 2026, alongside a note that accepting stablecoins as a payment method is a separate challenge from simply sending them.

The protocol is aimed at the merchant side of stablecoin payments — the checkout and settlement layer a business needs to take a stablecoin as payment, rather than just the ability for a user to send one. Coinbase provides the onchain infrastructure, while Shopify brings merchant commerce integration to the effort.

Base is Coinbase's Ethereum Layer-2 network, built on the OP Stack and led by Jesse Pollak. It has no native token, and transactions on the network are paid in ETH. The network has positioned itself around consumer and payments use cases, and the Shopify integration gives it a route into mainstream retail checkout flows rather than crypto-native commerce alone.

What to watch

The 42 million figure is cumulative settled volume across the protocol, not a monthly or daily rate, so the pace of growth is not disclosed in the post. Whether additional merchants outside Shopify's ecosystem adopt the standard, and how settlement volume trends over the coming quarters, will be the measures to track.

The disclosure lands as stablecoin payments remain a focus for Base, which has recently highlighted institutional credit facilities and other onchain financial infrastructure going live on the network.