#StripeStablecoinAccounts The stablecoin accounts particularly target businesses in countries with volatile currencies to enable them to hold dollar stablecoins. These organizations can receive money in crypto or via bank transfers and pay globally using stablecoins.

While it’s not emphasized, a key advantage is the businesses don’t have to worry about self custody or relying on a cryptocurrency exchange to hold their assets. However, the company did not elaborate on who is acting as stablecoin custodian on behalf of Stripe.

The list of countries where the accounts are offered mainly includes emerging market regions but excludes those with cryptocurrency laws. For example, it includes most African countries, but not major jurisdictions such as Ghana, Nigeria and South Africa.

Functionally, the Stablecoin Financial Accounts will initially support USDC and Bridge’s own USDB stablecoin, which was also unveiled yesterday (not to be confused with the existing token of the same name from Blast).#USDC