#StripeStablecoinAccounts
Stripe Unveils Stablecoin Accounts in Over 100 Countries
Stripe is taking a bold step forward, reshaping how businesses move money around the world. The fintech powerhouse has launched stablecoin-funded accounts in over 100 countries, giving merchants the ability to hold funds and pay vendors internationally using popular dollar-pegged cryptocurrencies like USDC from Circle and USDB, a token issued by Bridge, Stripe’s stablecoin-focused unit.
The expansion suggests more about Stripe’s vision to broaden its services not just as an online payment processor but as a holistic financial operating system for commerce-where businesses can pay and receive payments in an efficient, cross-border, and banking-free way.
Previously, Stripe’s financial accounts were only available in 50 countries. Now, with this rollout, businesses in 101 countries will be able to operate entirely in US Dollars- even in regions with volatile local currencies or shaky financial infrastructure.
“Businesses in those 101 countries will be able to operate entirely in dollars,” said William Gaybrick, president of product and business at Stripe. ”Now, users in Argentina, Vietnam, and everywhere in between can hold stablecoins, receive and send funds on both crypto and fiat rails.”
These new accounts also support balances in British pounds, euros, and U.S. dollars, offering even more flexibility for international businesses.
