#StripeStablecoinAccounts
Digital payment, announcing the launch of a new feature dedicated to money management using dollar-pegged stablecoins, following its acquisition of the 'Bridge' stablecoin platform 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 digital and traditional currency platforms, as well as send stablecoins to global destinations.
Stripe explained that these accounts enable 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 them to formulate strategies for dealing with stablecoins.