#StripeStablecoinAccounts Stripe has reintroduced cryptocurrency payments, enabling U.S.-based merchants to accept stablecoins like USD Coin (USDC) and Pax Dollar (USDP) through its platform. This move marks a significant shift in global digital payments, with users from over 70 countries utilizing the service within the first 24 hours of its launch.

The integration supports transactions on Ethereum, Solana, and Polygon blockchains. Payments made in stablecoins are automatically converted to U.S. dollars and stored in merchants' Stripe wallets, with a transaction fee of 1.5%.

To bolster its crypto infrastructure, Stripe acquired Bridge, a stablecoin payment platform, for \$1.1 billion. This acquisition enhances Stripe's capabilities in facilitating cross-border payments and positions it competitively in the evolving digital currency landscape.

Furthermore, Stripe has partnered with Paxos to streamline stablecoin transactions, allowing for instant conversions between USD and stablecoins like PYUSD, USDC, and USDP. This collaboration aims to provide businesses with faster and more cost-effective payment solutions.

Stripe's renewed focus on stablecoins reflects a broader trend among financial institutions embracing digital currencies to enhance global payment systems. With increasing regulatory clarity, stablecoins are poised to play a pivotal role in the future of international commerce.