$USDC

On May 7, 2025, the global payment platform Stripe announced the launch of 'Stablecoin Financial Accounts'. This service is now live in 101 countries, supporting businesses in receiving and managing funds using stablecoins, marking a significant advancement in its cryptocurrency payment efforts.

🌍 Main Features and Functions

Support for Stablecoins: This account supports two USD-pegged stablecoins: USDC issued by Circle, and USDB issued by the Bridge platform acquired by Stripe in 2024.

Diverse Funding Channels: Businesses can receive and send funds through fiat currencies (such as ACH or wire transfers) or cryptocurrencies, and can hold a stablecoin balance in the account, similar to the operation of traditional bank accounts.

Optimized Cross-Border Payments: This service is specifically designed for markets with high inflation or strict capital controls, such as Argentina, Turkey, Colombia, etc., providing a more stable and efficient payment solution.

🔍 Background and Strategic Layout

The launch of stablecoin accounts by Stripe is closely related to its acquisition of the stablecoin platform Bridge for $1.1 billion in October 2024. Bridge focuses on simplifying cryptocurrency payment processes and offers seamless conversion capabilities between stablecoins and fiat currencies.

In addition, Stripe also launched the world's first AI-based model specifically designed for payments during the same event, further enhancing its innovative strength in the fintech sector.

⚠️ Controversies and Challenges

Cost Transparency: Some community members have pointed out that Stripe has not clearly disclosed the cost structure related to stablecoin accounts, raising concerns about potential high fees.

Market Limitations: Currently, this service is not available to major markets such as China, the United States, and Japan, indicating that its global expansion still faces regulatory challenges.