#StripeStablecoinAccounts StripeStablecoinAccounts Stripe's reintroduction of stablecoin payments has rapidly gained global traction. On October 9, 2024, the company enabled merchants to accept USD Coin (USDC) and Pax Dollar (USDP) on Ethereum, Solana, and Polygon blockchains. Within 24 hours, users from over 70 countries utilized the service, highlighting the growing demand for crypto-based transactions .

This move offers merchants a cost-effective alternative, with a 1.5% transaction fee compared to the typical 2.9% plus $0.30 for card payments . Customers can pay using browser-extension wallets like MetaMask or Coinbase Wallet, and refunds are processed directly to these wallets. Stripe's Head of Product, Jay Shah, emphasized the company's support for over 100 payment options, aiming to expand further .

This initiative aligns with Stripe's broader strategy to integrate crypto into global commerce, providing businesses with tools to reach more customers at lower costs