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Stripe, a leader in digital payment services, announced the launch of a new feature dedicated to managing funds using dollar-pegged stablecoins, following its acquisition of the stablecoin platform Bridge in a deal valued at $1.1 billion, the largest of its kind in the cryptocurrency sector to date.

The new feature, named financial stablecoin accounts, allows companies in 101 countries to hold balances of dollar-backed stablecoins, receive funds from both cryptocurrency and traditional platforms, as well as send stablecoins to global destinations.

Stripe explained that these accounts enable entrepreneurs, especially in countries facing currency exchange volatility, to hedge against inflation and enhance their integration into the global economy.

It added that many of the world’s largest companies rely on it to formulate strategies for dealing with stablecoins.

The product currently supports two stablecoins in its initial phase: USDC and USDB issued by the Bridge platform, with future plans to expand the list of supported cryptocurrencies.

In addition to this initiative, Stripe revealed that it is developing a foundational payment model powered by artificial intelligence technologies, which it describes as the first of its kind globally.