Stripe has launched Stablecoin Financial Accounts, enabling businesses in 101 countries to hold, send, and receive funds in stablecoins (USDC and Bridge’s USDB) as well as traditional fiat currencies.
These accounts allow companies to operate across both crypto and fiat rails, streamlining international payments and reducing reliance on slow, costly cross-border transfers.
To address spending stablecoins at merchants that only accept fiat, Stripe’s subsidiary Bridge has partnered with Visa to issue global cards linked to stablecoin wallets. This lets businesses and individuals spend stablecoins at any of the 150 million Visa-accepting merchants worldwide, with Bridge converting stablecoins to fiat at the point of sale.
This move is particularly significant for businesses in regions with volatile currencies or limited financial infrastructure, offering a more stable and accessible way to manage global payment.
Stripe’s stablecoin accounts offer several advantages for businesses operating in countries with volatile currencies.
By holding funds in dollar-pegged stablecoins like USDC and USDB, businesses can protect their capital from local currency devaluation and inflation.
Stablecoin accounts enable businesses to transact internationally with greater ease, bypassing traditional banking barriers and restrictions common in unstable economies.
Stablecoins allow for immediate, low-cost cross-border transactions, eliminating delays and high fees associated with conventional international transfers.
Through Stripe’s partnership with Visa, businesses can spend stablecoins at any Visa-accepting merchant worldwide, with automatic conversion to local fiat currency at the point of sale.
Stripe accounts let businesses hold, convert, and spend in multiple currencies (USD, EUR, GBP), providing flexibility and reducing exposure to local currency risk.
It's me, @justmythoughts, an ordinary Hive user looking to make the most of the platform. I will appreciate your support. Follow me for more. Thanks, Gracias :)