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Jakarta, Pintu News—Stripe, the financial infrastructure company, recently launched stablecoin accounts in over 100 countries. The announcement was made at Stripe’s annual event in San Francisco, marking a major step for the company in integrating crypto and AI in its services.
This Financial Stablecoin Account allows Stripe clients to hold balances in Circle’s USD Coin (USDC) and Bridge’s USDB and accept payments through traditional and crypto channels.
Check out the complete information below!
Stripe’s launch of a stablecoin account is designed to help businesses in countries with unstable economic conditions, limited banking access, or high cross-border transaction fees.
By using stablecoins like USD Coin (USDC) and USDB, businesses can avoid inflation and more easily access the global economy. This is an innovative solution for companies operating in Argentina, Turkey and Chile, where local currency exchange rates are often volatile.
Stripe has recorded an increase in the use of stablecoins globally, with transaction volumes increasing by more than 50% in the last year. This shows a growing need for more stable and efficient payment solutions in the global market.
With its robust infrastructure and integration with various blockchain technologies, Stripe is at the forefront of providing adaptive and innovative payment solutions.
Read also: EPT’s Spectacular Surge Before Listing on Bithumb, What’s the Secret?
Stripe not only launched new features, but also strengthened its blockchain infrastructure by acquiring Bridge, a stablecoin infrastructure provider, for $1.1 billion.
Bridge, founded by former Coinbase executives, is now the backbone of Stripe’s blockchain technology. It manages wallet integration, real-time settlement, and on-chain transfers, allowing Stripe to offer faster and more secure services to its clients.
Returning to the crypto sector with its “Pay with Crypto” feature by the end of 2024, Stripe allows merchants to accept payments in USD Coin (USDC) and Pax Dollar on networks such as Ethereum (ETH), Solana (SOL), and Polygon. This demonstrates Stripe’s commitment to adopting crypto and leading innovation in digital payments.
Read also: Linea Offers Free Layer-2 Bridge for Ethereum Users!
With this move, Stripe joined other major players such as PayPal, Visa, and Mastercard, which have adopted stablecoins. PayPal, for example, has been actively expanding the use of its stablecoin, PayPal USD (PYUSD), while Visa recently partnered with Bridge to launch stablecoin payments in Latin America.
This demonstrates a growing trend where large payment companies integrate stablecoins into their ecosystems to improve transaction efficiency and security.
These companies’ adoption of stablecoins not only increases trust in stablecoins as legal tender but also encourages further innovation in financial technology.
With more companies entering this arena, competition will intensify, driving improved services and products for consumers worldwide.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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Stripe Launches Stablecoin Accounts in Over 100 Countries – Discover the Benefits! – Pintu
