#StripeStablecoinAccounts

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 Bridge stablecoin platform in a deal worth $1.1 billion, the largest of its kind in the cryptocurrency sector to date.

The new feature, named Financial Stablecoin Accounts, allows businesses in 101 countries to hold balances of dollar-backed stablecoins, receive funds from digital and traditional currency platforms, as well as send stablecoins to global destinations.

Stripe explained that these accounts empower entrepreneurs, especially in countries experiencing 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 craft strategies for dealing with stablecoins.

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

Alongside this initiative, Stripe revealed its development of a core payment model supported by artificial intelligence technologies, which it describes as the first of its kind globally.$BTC