Stripe Unveils Stablecoin Financial Accounts for Businesses in 101 Countries

Amin Ayan
2025-05-08 06:55:00
cryptonews.com

Global payments giant Stripe has introduced a new financial tool designed to help businesses manage money using U.S. dollar-backed stablecoins.

The product, called Stablecoin Financial Accounts, enables companies in 101 countries to hold and transact in stablecoins, offering a modern alternative to traditional banking systems.

Announced on May 7, the accounts allow businesses to receive funds via both crypto and fiat rails, hold balances in digital dollars, and send stablecoins globally.

Stripe’s Stablecoin Accounts Aim to Empower Entrepreneurs in Volatile Economies

According to Stripe, this service is particularly beneficial for entrepreneurs in nations facing currency instability, providing them with a tool to hedge against inflation and participate more easily in the global economy.

The platform currently supports Circle’s USDC and Bridge’s USDB stablecoins, with plans to integrate more in the future.

The launch follows Stripe’s $1.1 billion acquisition of the stablecoin infrastructure firm Bridge, finalized earlier this year, marking the largest crypto M&A transaction to date.

Alongside the stablecoin product, Stripe also introduced a new AI-powered Payments Foundation Model.

The company claims the system, trained on tens of billions of transactions, will improve fraud detection and authorization rates by analyzing nuanced transaction data that traditional systems often overlook.

Stripe CEO Patrick Collison highlighted the significance of the dual developments, calling AI and stablecoins “two gale-force tailwinds” reshaping the global financial landscape.

“Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away,” he added.

Last month, Stripe said it is developing a US dollar-backed stablecoin aimed at companies operating outside the United States, United Kingdom, and Europe.

Stripe’s involvement in crypto dates back to 2014 when it became the first major payments processor to support Bitcoin transactions.

However, due to network inefficiencies and high fees, the company halted Bitcoin support before reviving its crypto ambitions in 2021 by rebuilding its blockchain team.

Since then, Stripe has accelerated its crypto push. In October 2024, the firm launched stablecoin payment options, which saw rapid adoption across 70 countries on its first day.

Stablecoin Market to Surge 10x to $2 Trillion by 2030

Citigroup has projected a dramatic rise in the stablecoin market, forecasting that its total market capitalization could soar from nearly $240 billion today to over $2 trillion by 2030.

The prediction says the growth in adoption would be driven by regulatory developments and increased interest from both financial institutions and the public sector.

According to the banking giant, stablecoin supply could reach $1.6 trillion by the end of the decade under its base-case scenario, while a more optimistic outlook places the figure at $3.7 trillion.

As reported, the number of active stablecoin wallets has surged by over 50% in the past year, reflecting growing adoption and engagement within the digital asset ecosystem.

The post Stripe Unveils Stablecoin Financial Accounts for Businesses in 101 Countries appeared first on Cryptonews.

Source Link

Please read the Privacy and Security Disclaimer on how Techcratic handles your support.

Disclaimer: As an Amazon Associate, Techcratic may earn from qualifying purchases.