#TradeStories Stripe Introduces Stablecoin-Based Accounts to Clients Worldwide
Stripe, a global payments platform, has launched stablecoin-based accounts for clients in over 100 countries. This new feature enables clients to manage US-dollar stablecoin balances, similar to traditional bank accounts. The accounts will support Circle's USDC and Bridge's USDB stablecoins, with Stripe acquiring Bridge in October 2024. Available in countries like Argentina, Chile, and Turkey, the product aims to provide a stable store of value in regions with high inflation and limited financial infrastructure. By leveraging stablecoins and blockchain technology, Stripe is helping to bank the unbanked in developing economies. $ETH
The integration of USD stablecoin payments in 2024 saw significant demand in 70 countries. Latin American residents are increasingly using stablecoins for online transactions. This move aligns with the broader trend of utilizing cryptocurrencies for financial inclusion and cross-border payments.
