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Shift4, a U.S. payments giant handling over $200 billion in annual volume for more than 200,000 businesses, has launched a stablecoin settlement platform for its merchants.
In a Dec. 22 press release, the Pennsylvania-headquartered public company said merchants can now choose to be paid in stablecoins such as USDC, USDT, EURC, or even DAI. As Shift4 explained, these currencies “are already used globally for cross-border commerce, remittances, payroll, B2B settlement, and treasury management.”
Merchants can also choose from networks such as Ethereum, Solana, Plasma, Stellar, Polygon, TON, and Base, with additional networks “added over time,” the firm said.
“As Shift4 becomes an increasingly global company, this offering will support businesses around the world as stablecoins continue to play a growing role in the modern payments ecosystem,” said Pietro Moran, Shift4’s director of crypto.
Shift4’s FOUR shares rose 3.4% shortly after the news but had given up their gains by press time.
This isn’t Shift4’s first experiment with crypto payments. In August, the company teamed up with Blue Origin, the space exploration firm founded by American billionaire Jeff Bezos, to enable customers to pay in cryptocurrency and stablecoins for trips to space.
Earlier in December, Shift4 founder Jared Isaacman was also named the 15th administrator of NASA.
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