• bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Stripe stablecoin accounts

Stripe stablecoin accounts launched globally to boost crypto financial inclusion

Yousef Haddad

Stripe stablecoin accounts are now live, bringing crypto-powered financial services to over 100 countries.

On May 7, Stripe announced that users can now send, receive, and hold balances in US-dollar stablecoins. This new feature mimics how traditional fiat bank accounts work but uses blockchain rails and stablecoin assets. The supported stablecoins are Circle’s USDC and Bridge’s USDB.

This development follows Stripe’s acquisition of the Bridge platform in October 2024. Now fully integrated, Bridge adds the tech foundation for stablecoin-based infrastructure within Stripe’s global ecosystem. Stripe stablecoin accounts are now available in countries like Argentina, Turkey, Colombia, Chilé, and Peru. These are regions where access to traditional banking has been challenging.

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Stablecoins are transforming access in high-inflation economies

In areas hit hard by inflation and capital controls, stablecoins are becoming financial lifelines. Stripe’s move is timely as crypto is increasingly used to store value in unstable economies. A resident with just a cellphone and an internet connection can now access a stable, dollar-based account.

Stablecoins let users bypass middlemen and traditional banks. Transactions are instant and transparent. Blockchain tech reduces both cost and verification steps in global transfers. That’s a huge advantage in countries lacking traditional infrastructure.

Stripe’s earlier stablecoin payment feature launched in October 2024. It enabled online purchases using USDC in over 70 countries. The feature was well-received, with growing demand reported from global merchants and customers alike.

Now, with Stripe stablecoin accounts offering full send-receive-hold capability, businesses and individuals can operate more flexibly. It reduces reliance on legacy systems and opens up seamless cross-border commerce.

According to Bitso, a major crypto platform in Latin America, the usage of stablecoins is increasing fast. People use them not just to store value but also for everyday purchases. Stripe’s latest move aligns perfectly with this trend.

Blockchain rails and stablecoins are unlocking financial potential

By allowing USDC and USDB wallets to function like digital bank accounts, Stripe is pushing forward Web3 adoption. For people who’ve never had access to a bank, this is revolutionary. For businesses, it cuts costs and speeds up operations.

Stripe stablecoin accounts show how fintech and blockchain can merge to solve real-world problems. This may redefine banking in the next decade, especially in underserved markets.

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What are Stripe stablecoin accounts and how do they work?

Stripe stablecoin accounts allow users to send, receive, and store digital dollar balances, similar to traditional bank accounts but powered by blockchain technology. Users interact with stablecoins like USDC and USDB, which are tied to the value of the US dollar. These accounts function through wallets rather than physical banks and provide instant, low-cost transactions. It’s part of Stripe’s expansion into crypto services, aiming to serve users globally, especially in regions with limited banking infrastructure.

Why are stablecoins important in developing countries?

Stablecoins are vital in developing countries facing high inflation, capital controls, and lack of banking access. They offer a stable store of value compared to local currencies and allow people to participate in the global economy. With just a smartphone and internet connection, users can hold and spend digital dollars. This is particularly transformative in regions where traditional banks are unavailable or unreliable. Stripe’s adoption of stablecoin accounts helps scale this benefit worldwide.

How does Stripe ensure the stability of these accounts?

Stripe uses well-established, dollar-pegged stablecoins: USDC and USDB. These assets are backed by reserves and maintained by reliable issuers like Circle and Bridge. Stripe’s infrastructure ensures secure, fast processing, while the blockchain provides transparency. Users can trust that the value in their accounts mirrors the U.S. dollar, enabling predictable transactions even in volatile environments.

Can businesses benefit from Stripe stablecoin accounts?

Absolutely. Businesses can now hold stablecoins, pay partners, and receive payments globally without needing a traditional bank. This means faster settlements, reduced fees, and greater reach. For online merchants, integrating Stripe’s stablecoin accounts offers flexibility for customers who prefer crypto. It’s especially useful for cross-border e-commerce, freelancers, and platforms in regions where traditional banking falls short.

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