#StripeStablecoinAccounts Stripe has launched a new financial infrastructure product that allows global companies to hold and transact in stablecoins pegged to the US dollar, the latest expansion of the payments company into blockchain-backed services.

The feature is called 'stablecoin' Financial Accounts and allows users in 101 countries to store balances in dollar-linked tokens, receive payments in both 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 comes after Stripe's acquisition of the $BTC $ stablecoin Bridge platform for $1.1 million in February. Stripe's acquisition of Bridge, a Sequoia-backed company focused on moving money using stablecoins, remains the largest cryptocurrency-related merger to date. Bridge offers APIs that enable businesses to accept and transfer payments with stablecoins globally with less complexity.

The company claims that the new product will help entrepreneurs in countries with unstable currencies protect their purchasing power and access global markets more easily. Industry analysts believe that the product could generate substantial revenue for Stripe due to earnings generated by # reserves deposited in assets such as US Treasury bonds.