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.