#StripeStablecoinAccounts

Recently, Stripe has launched Stablecoin Financial Accounts, allowing businesses in over 100 countries to hold, receive, and send funds using stablecoins like USDC and USDB. This functionality operates similarly to traditional bank accounts, but with the efficiency and transparency of blockchain technology.

Businesses can add funds to their stablecoin balances via bank transfers or from crypto wallets. They can also transfer funds between accounts and send money to other users in USD (via ACH or bank transfers) or directly in stablecoins through crypto networks.

This initiative aims to simplify digital asset management for businesses, facilitating payments and transfers with the stability of the US dollar and the speed of cryptocurrencies. Stripe takes care of the custody of stablecoins through Bridge, a Stripe company.