#StripeStablecoinAccounts

Stripe has launched Stablecoin Financial Accounts, allowing businesses to send, receive, and hold US-dollar stablecoin balances in over 100 countries. This service supports Circle's USDC and Bridge's USDB stablecoins, providing a stable financial infrastructure for regions with unstable currencies or limited banking access.

*Key Features:*

- *Multi-currency accounts*: Hold, convert, and spend USD, EUR, and GBP funds without unnecessary foreign exchange costs.

- *Global payment capabilities*: Send and receive stablecoins globally, ideal for cross-border transactions.

- *AI-powered fraud detection*: Stripe's new AI foundation model improves fraud detection and authorization rates, with a notable 64% increase in detection rates for card testing attacks.

- *Integration with Visa*: Stripe's partnership with Visa enables businesses to transact everywhere Visa is accepted, with stablecoins converted to fiat currency seamlessly.

*Benefits for Businesses:*

- *Faster settlement times*: Stablecoins enable speedy settlement, reducing transaction times and costs.

- *Protection against currency fluctuations*: Stablecoins offer protection against local currency depreciation, making them ideal for regions with high inflation or banking instability.

- *Programmable money*: Stripe's platform enables programmable, interoperable money, allowing businesses to manage treasury operations and vendor payments efficiently.¹ ²