🚨Stripe Stablecoin Financial Accounts‼️
Stripe has introduced Stablecoin Financial Accounts, enabling businesses to hold balances in stablecoins, receive payments via crypto and traditional fiat rails, and send stablecoins globally.
💥Key Features
🔹️Stablecoin Support:
Initially supports USDC and USDB, with plans to incorporate additional currencies.
🔸️Global Accessibility:
Available to businesses in 101 countries.
🔹️Payment Methods:
Receive payments via crypto and traditional fiat rails like ACH and SEPA.
🔸️Payouts:
Send stablecoins to most markets globally.
💥Benefits
🔹️Faster Payments:
Enables businesses to receive and send payments quickly.
🔸️Global Reach:
Expands businesses' global reach by allowing them to transact in stablecoins.
🔹️Integration:
Integrates with Visa for a global card-issuing product, enabling spending at 150 million merchants worldwide.
💥How it Works
🔹️Funding:
Add money to stablecoin balances using bank transfers or crypto wallets.
🔸️Transfers:
Transfer money between accounts or to external bank accounts/crypto wallets.
🔹️Payouts:
Send money to others in stablecoins or USD via ACH or wire.
💥Use Cases
🔹️Crypto Businesses:
Stripe provides solutions for crypto businesses, including payment processing and payouts.
🔸️Web3 Development:
Enables developers to build on Web3 technologies using Stripe's infrastructure.
