Stripe, a leader in digital payment services, announced the launch of a new feature dedicated to managing funds using dollar-pegged stablecoins, following its acquisition of the stablecoin platform Bridge in a deal valued at $1.1 billion, the largest of its kind in the digital currency sector to date.
The new feature, named financial stablecoin accounts, allows companies in 101 countries to hold balances of dollar-backed stablecoins, receive funds from digital and traditional currency platforms, and send stablecoins to global destinations.
Stripe clarified that these accounts enable entrepreneurs, especially in countries facing currency volatility, to hedge against inflation and enhance their integration into the global economy.
It added that many of the world's leading companies rely on it to formulate strategies for dealing with stablecoins.
The product in its initial phase supports two stablecoins: USDC and USDB issued by the Bridge platform, with future plans to expand the list of supported digital currencies.
In addition to this initiative, Stripe unveiled its development of a core payment model powered by artificial intelligence, which it describes as the first of its kind globally.
The new model relies on analyzing tens of billions of transactions to capture precise indicators that traditional models cannot detect, enhancing its capabilities in fraud detection and improving transaction approval rates.
Commenting on these developments, Patrick Collison, co-founder and CEO of Stripe, stated that artificial intelligence and stablecoins are two fundamental factors reshaping the economic landscape radically.
