Shopify Partners with Coinbase for USDC Payments, Cantor Fitzgerald Reaffirms Neutral Position

Shopify Inc. (NASDAQ:SHOP) is recognized as one of the 11 Best Fintech Stocks to Buy Right Now. Cantor Fitzgerald analyst reiterated a “Neutral” rating with a price target of $91 on July 2. The partnership with Coinbase allows consumers to use USDC stablecoin for payments on Shopify stores.

Customers can now use USDC stablecoin for payments on Shopify stores, available to merchants in early access across the US and in over 30 countries. Shopify Inc. (NASDAQ:SHOP) offers a platform for e-commerce and financial tools like Shopify Balance, Credit, Capital, Bill Pay, and Tax for managing cash flow and simplifying financial tasks.

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Read more at Yahoo Finance.: Cantor Fitzgerald Reaffirms Neutral Rating on Shopify (SHOP)