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Stripe Introduces Stablecoin Financial Accounts

Stripe Introduces Stablecoin Financial Accounts

Payment company Stripe has launched a product called Stablecoin Financial Accounts. This allows businesses in 101 countries to hold balances in dollar-denominated stablecoins, as well as receive and send both fiat and cryptocurrencies.

“These accounts will enable entrepreneurs in countries with unstable currencies to hedge against inflation and easily access the global economy,” the company stated.

The solution initially supports two stablecoins: USDC from Circle and USDB, issued by Bridge. Stripe acquired an infrastructure Web3 company in October 2024 for $1.1 billion.

The firm also introduced a fundamental payment system model based on AI — Payments Foundation. Trained on a vast dataset, the tool aims to enhance fraud detection, increase authorization rates, and provide other improvements.

“There are not one, but two gale-force tailwinds, far beyond the Beaufort scale, that are radically changing the economic landscape around us: AI and stablecoins. Our task is to advance these technologies so that customers can benefit from them immediately,” emphasized Stripe co-founder and CEO Patrick Collison.

Back in October 2024, the company integrated USDC and USDP from Paxos as a payment option on the checkout page.

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