Stripe has launched stablecoin-powered financial accounts in over 101 countries, enabling businesses to send, receive, and hold US-dollar stablecoin balances. This expansion aims to provide stable financial infrastructure in regions with unstable currencies, limited access to banks, or high cross-border transfer fees.
*Key Features:*
- *Stablecoin Support*: Initially supports Circle's USDC and Bridge's USDB stablecoins, with additional stablecoins expected in future updates.
- *Multi-Currency Accounts*: Allows companies to hold GBP, EUR, and USD funds, reducing foreign exchange fees.
- *Global Reach*: Available in over 101 countries, including Argentina, Chile, Turkey, Colombia, and Peru.
- *Partnerships*: Collaborates with Visa to enable stablecoin spending via Visa cards at 150 million merchants worldwide.
*Benefits:*
- *Stable Store of Value*: Helps businesses in emerging markets protect against local currency devaluation.
- *Efficient Transactions*: Enables fast and low-cost cross-border transactions.
- *Increased Accessibility*: Provides financial services to regions with limited banking infrastructure.
