Shares of PayPal (PYPL) and Block (XYZ) are slipping in Thursday afternoon trading after Coinbase (COIN) announced Coinbase Payments, a stablecoin payments stack designed for commerce platforms. “Offer instant, 24/7 USDC payments to your merchants – globally, securely, and without blockchain complexity. Built on Base and already live with Shopify (SHOP), it’s the fastest way for payment service providers, marketplaces, and commerce infra providers to bring stablecoin payments to market,” Coinbase said in a blog post. PRICE ACTION: Shares of PayPal have dropped almost 4% and are trading at $68.08, while Block has slipped about 1% and is trading at $62.87.
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