#StripeStablecoinAccounts Stripe has launched Stablecoin Accounts, allowing businesses to hold, send, and receive stablecoins like USDC and USDB across both crypto and fiat rails. This feature aims to simplify cross-border transactions, reduce reliance on traditional banking infrastructure, and provide faster and more affordable payments.
*Key Features:*
- *Availability*: Stablecoin Financial Accounts are accessible to businesses in over 100 countries, including the US, Argentina, Brazil, and many others.
- *Supported Stablecoins*: USDC (Circle) and USDB (Bridge), both pegged to the US dollar with a one-to-one ratio.
- *Funding Options*: Add money to your stablecoin balance via bank transfer (ACH or wire) or crypto transfer from a wallet.
- *Transactions*: Send and receive funds globally, with transaction limits of $10,000 per transaction and $100,000 per month for end customers.
- *Payouts*: Stripe enables stablecoin payouts to connected accounts, allowing recipients to receive payments directly in stablecoins like USDC.
*Benefits:*
- *Faster Settlements*: Near-instantaneous cross-border transactions, reducing waiting times.
- *Lower Transaction Costs*: Minimized fees associated with international payments.
- *Protection Against Currency Volatility*: Funds held in dollar-equivalent values, shielding businesses from local currency fluctuations.
- *User-Friendly Experience*: Simplified transaction process with purchases in local fiat currencies.
*Impact:*
- *Global Commerce*: Stripe's stablecoin integration can transform global commerce by providing faster, cheaper, and more secure transactions.
- *Financial Inclusion*: This feature can benefit businesses in regions with limited banking access, promoting financial inclusion and economic growth.¹