The term "#StripeStablecoinAccount" refers to Stripe's integration of stablecoin capabilities into its payment platform, enabling businesses and individuals to transact using stablecoins like USD Coin (USDC).(Cointelegraph)

Overview of Stripe's Stablecoin Features

In October 2024, Stripe reintroduced cryptocurrency payments, allowing U.S.-based merchants to accept USDC through their online checkout pages. This move marked a significant shift, as Stripe had previously discontinued Bitcoin payments in 2018 due to slow processing times and high fees. The reintroduction saw rapid adoption, with users from over 70 countries engaging in stablecoin transactions within the first 24 hours .(mint, Cointelegraph)

Key Features

Multi-Blockchain Support: Stripe supports USDC transactions on Ethereum, Solana, and Polygon networks, providing flexibility and scalability for various use cases .(tokeninsightly.com)

Simplified Integration: Merchants can integrate stablecoin payments using Stripe's existing tools like Checkout, Elements, and Payment Intents. Customers pay in USDC, while merchants receive USD, mitigating concerns about cryptocurrency volatility .(tokeninsightly.com)

Lower Transaction Fees: Stripe charges a 1.5% fee for stablecoin transactions, which is lower than the traditional 2.9% plus $0.30 fee for card payments .(Technext)

Stablecoin Payouts via Stripe Connect

Stripe also offers stablecoin payouts through its Connect platform, currently in private preview. This feature allows platforms to pay out in USDC to connected accounts, which can link their crypto wallets and set USDC as their default currency. Funds are converted from fiat to USDC and transferred to the recipient's crypto wallet, streamlining cross-border payments and reducing currency conversion complexities .

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