Stripe Launches Stablecoin Accounts in Over 100 Countries, Expands Access to Dollar Payments
- Stripe offers stablecoin accounts for over 100 countries
- Stablecoins facilitate dollar payments in unstable economies
- Stripe Integrates USDC and USDB to Expand Financial Access
Stripe, a global payments platform, announced the launch of stablecoin-supported accounts in over 100 countries, allowing users to send, receive and store digital dollar balances in a manner similar to traditional bank accounts.
The new product is compatible with Circle's USDC and Bridge's USDB — the latter acquired by Stripe in October 2024. The solution is primarily aimed at users in countries with unstable economies, such as Argentina, Turkey, Colombia, Chile and Peru, where stablecoins have gained relevance as an alternative to local currency.
According to the company, the goal is to simplify the use of stable digital currencies for payments and transfers, especially in regions with high inflation, capital controls and low banking penetration. The product meets the growing demand for stablecoins, which already have a market value of over US$ 231 billion, driven by international interest in dollar-pegged tokens.
With the new feature, anyone with a cell phone, digital wallet and internet connection can use Stripe's services to move funds in stablecoins, eliminating some of the bureaucracy and costs associated with international transfers. The company emphasizes that this model is helping to bank populations that previously did not have access to formal financial services.
Stripe had already integrated payments in stablecoins in October 2024, offering the option in 70 countries. According to the company, this functionality was quickly accepted, especially among online merchants. In Latin American countries, the use of stablecoins as a store of value and means of payment for digital purchases continues to expand, as indicated by data from the Bitso exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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