The payment platform Stripe has announced the launch of a new feature that allows customers in 101 countries to hold, send, and receive dollar-pegged stablecoins. Accounts support USDC from Circle and USDB from Bridge, acquired by Stripe in October 2024. This product is available in countries including Argentina, Chile, Turkey, and Colombia, where stablecoins are becoming popular due to high inflation and capital restrictions.
The launch comes amid the growth of the stablecoin market, whose capitalization has exceeded $231 billion. Stripe aims to simplify cross-border payments, allowing businesses to effectively interact in the global ecosystem. The new feature integrates with fiat currencies such as dollars, euros, and pounds, providing flexibility for merchants.
This move underscores Stripe's strategy to become a financial hub for online businesses by offering fast and inexpensive transactions. It is expected to encourage broader adoption of stablecoins around the world.
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