Stripe announced that it will start offering funded accounts in stablecoins, the first being USDC, in over 100 countries. This step is not just a technical update; it is a qualitative leap in the world of international transfers. Amid the rush of stablecoins emerging every day, USDC has begun to establish itself as a trusted player, which is why Stripe chose it as the first one.
What distinguishes USDC from others is that it is backed 1:1 by the US dollar and governed by trusted entities like Circle, making it more stable and transparent. This means that when a company uses it for transfers or payments, it knows that the value is preserved and there are no surprises like those that happen with other currencies.
Stripe sees USDC as the perfect solution for countries with volatile currencies or problems in their banking infrastructure. Companies there can use this currency to receive money, send salaries, or make cross-border payments without huge fees or delays.
Instead of relying on an old and slow banking system, companies will be able to move quickly and flexibly using USDC, which provides a huge competitive advantage. Simply put, USDC has become not just a stablecoin; it has become an essential tool for a new, fast, and globally open economy.
