Shopify's Trading Volume Drops 40.93% to $955 Million, Ranks 69th in Market

On June 12, 2025, Shopify's trading volume reached $955 million, marking a 40.93% decrease from the previous day, placing it 69th in the day's stock market rankings. Shopify (SHOP) closed the day down 4.31%.

Shopify has announced a strategic partnership with Coinbase and Stripe to introduce seamless and secure stablecoin payments for merchants worldwide. This collaboration aims to leverage the growing popularity of stablecoins, such as USDC, which have reached over a trillion dollars in monthly payment volume. Merchants can now accept USDC payments from customers globally on the Base network, integrating these transactions into their existing payment and order fulfillment processes without the need for additional integrations or gateways. Customers can pay using USDC from hundreds of supported crypto wallets, including guest checkout and Shop Pay options. Merchants will receive their local currency by default, with no foreign transaction or exchange fees, or they can opt to claim USDC directly into their own wallet. This partnership with Stripe enhances the ease of accepting crypto payments for merchants, providing greater flexibility in managing their funds.

Stablecoins, such as USDC, offer stability without the volatility associated with cryptocurrencies like Bitcoin or Ether. Backed 1:1 by US Dollar reserves, stablecoins maintain a constant value, making them a safe and reliable option for merchants. The Base network, built by Coinbase, facilitates fast and affordable transactions, similar to a credit card network but for digital payments. Additionally, buyer wallets have improved, allowing users to hold and spend digital currencies with a seamless customer experience. Shopify and Coinbase have developed a smart contract to address real-world commerce needs, providing merchants with the flexibility of credit card transactions combined with the speed and global reach of stablecoins. This innovation allows merchants to handle complex transactions and checkout steps, such as tax finalization and inventory reservation, with ease. By embracing stablecoins, merchants can tap into global markets, attract international customers, and participate in the future of borderless, accessible commerce. Shopify is dedicated to creating a world where commerce flows as freely as ideas, enabling small businesses to sell to customers anywhere in the world with the same ease as selling to their neighbors.