Stripe rolls out stablecoin accounts in over 100 countries
Summary
Stripe has launched stablecoin-based accounts for clients in over 100 countries, enabling them to send, receive, and hold US-dollar stablecoin balances similar to traditional fiat bank accounts. The accounts support Circle's USDC and Bridge's USDB stablecoins. This move targets developing economies with high inflation and limited financial infrastructure, where stablecoins are increasingly used as stores of value. Stripe's integration of USD stablecoin payments in October 2024 has seen demand in 70 countries. Stablecoins and blockchain technology facilitate banking for the unbanked by reducing cross-border transfer costs and providing access to stable fiat currencies.
