#StripeStablecoinAccounts

Stripe has launched a new financial infrastructure product that allows global companies to hold and transact in stablecoins in US dollars, the latest expansion of the payment company in blockchain-supported services.

The feature is dubbed Stablecoin Financial Accounts and allows users in 101 countries to store balances in dollar-indexed tokens, receive payments in cryptocurrencies and traditional currencies, and send stablecoins across borders. At launch, the platform supports USDC from Circle and USDB from Bridge, with plans to add more stablecoins over time.

The announcement follows Stripe's acquisition of the Bridge stablecoin platform for $530.4 million in February. Stripe's acquisition of Bridge, a Sequoia-backed company focused on...