On May 8, 2023, payment giant Stripe announced the launch of its 'stablecoin financial accounts', supporting businesses and users to store and transfer USDC and USDB stablecoins in 101 countries and regions, covering emerging markets such as Argentina and Turkey, but not yet open in major financial centers like the United States and China. The USDB launched is a closed stablecoin issued by the Bridge platform acquired by Stripe, circulating only within the Stripe ecosystem, with underlying assets backed 1:1 by cash and BlackRock-managed money market funds, and innovatively returning part of the profits to developers, exploring an on-chain revenue-sharing model.

This move marks Stripe's transition from a 'payment gateway' to 'on-chain financial infrastructure'. By integrating Bridge's issuance and custody capabilities, Stripe has built a complete closed loop for payment, settlement, and asset custody, supporting scenarios like cross-border payments, savings, and future card payments. This strategy comes just before the vote on the U.S. 'GENIUS Act', which, if passed, will provide the first federal regulatory framework for stablecoins, accelerating the entry of traditional institutions.