Stripe Opens Access to Stablecoins for Businesses Around the World
Date: 2025-05-09 Author: Henry Casey Categories: BUSINESS
Stripe has introduced financial accounts based on stablecoins — Stablecoin Financial Accounts. Thanks to this feature, businesses in more than a hundred countries can now store funds in stablecoins, as well as freely conduct transactions with both cryptocurrencies and traditional fiat money.
According to Stripe representatives, the new development is designed to especially help businesses in countries with unstable economies. Account holders will be able to use stablecoins to hedge against inflation and gain more stable access to global markets.
At launch, the product supports two digital assets: USDC from Circle and USDB, issued by Bridge. Support for additional stablecoins may be added in the future. Recall that in October 2024, Stripe acquired a Web3 infrastructure company for $1.1 billion, which launched the company's expansion into the crypto sector.
In addition to financial accounts, Stripe also announced a new AI-powered platform, the Payments Foundation. This tool was developed based on large-scale data sets and is aimed at improving the efficiency of payments, in particular in the fight against fraud and in increasing the percentage of successful transactions.
Patrick Collison, co-founder and CEO of Stripe, said that today two powerful trends - artificial intelligence and stablecoins - are transforming the global economy. According to him, the company's mission is to use these technologies to the benefit of customers as quickly as possible.
It is also worth recalling that at the end of 2024, Stripe already added support for USDC and USDP from Paxos as payment options on its platforms, which was the first step towards deep integration of cryptocurrencies into its ecosystem.
