Circle Internet Group Inc. (NYSE:CRCL) CEO Jeremy Allaire supported Coinbase Global Inc.’s (NASDAQ:COIN) partnership with Shopify Inc. (NASDAQ:SHOP) on Tuesday, emphasizing the company’s broad-minded approach to the evolving stablecoin payment landscape.
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A ‘Valuable’ Step Toward Increasing Stablecoin Adoption
During the company’s second-quarter earnings call, Allaire was asked whether the Coinbase-Shopify partnership, which allows retailers to accept USDC (CRYPTO: USDC) payments, competes with or complements its own Circle Payments Network.
“We’ve got a big tent mentality here and we want to see a lot of success across many different types of companies,” he replied. “When a Shopify launches USDC payment acceptance and they’re using a product from Coinbase to do that, that’s …