Stripe has reintroduced stablecoin payments, enabling U.S. merchants to accept USD Coin (USDC) across Ethereum, Solana, and Polygon blockchains. This move marks Stripe's return to crypto after discontinuing Bitcoin support in 2018. On its first day, users from over 70 countries utilized this feature, highlighting global demand for alternative payment solutions .
Merchants can now offer USDC as a payment option, with transactions settled in U.S. dollars within Stripe accounts. The service charges a 1.5% transaction fee, lower than traditional card fees .
For payouts, Stripe's private preview allows platforms to pay individuals in USDC. Recipients link a crypto wallet via the Express Dashboard, and funds are converted from fiat to USDC during transfers.
This integration positions Stripe alongside other major fintechs embracing stablecoins, aiming to streamline global transactions and reduce costs.
