{"id":25686,"date":"2025-05-07T22:18:02","date_gmt":"2025-05-07T22:18:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25686"},"modified":"2025-05-07T22:18:02","modified_gmt":"2025-05-07T22:18:02","slug":"stripe-rolls-out-stablecoin-accounts-in-over-100-countries","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25686","title":{"rendered":"Stripe rolls out stablecoin accounts in over 100 countries"},"content":{"rendered":"
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\"Stripe<\/p>\n

Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. <\/p>\n

According to a May 7 announcement, the new feature will allow the platform’s clients “to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works.”<\/p>\n

The product’s technical page shows<\/a> that the new account feature will support Circle’s USDC (USDC<\/a>) and Bridge’s USDB (USDB) stablecoins. Stripe acquired the Bridge platform<\/a> in October 2024.<\/p>\n

The product will be available to clients in more than 100 countries, including Argentina, Chil\u00e9, Turkey, Colombia, and Peru, among others.<\/p>\n

Stripe’s newly launched product comes at a time when stablecoins are increasingly seen as stores of value in developing economies struggling with high inflation, capital controls, and a lack of financial infrastructure.<\/p>\n

\"Stripe,
The stablecoin market cap has crossed $231 billion and continues to grow due to international demand for US dollar tokens. Source: <\/em>RWA.XYZ<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Stablecoin fever: 5 major stablecoins are growing crypto adoption<\/strong><\/em><\/a><\/p>\n

Stablecoins are banking the unbanked and are increasingly used as a store of value<\/h2>\n

Stablecoins and blockchain payment rails are helping to bank the unbanked<\/a> in developing regions of the world without critical financial and communication infrastructure.<\/p>\n

Blockchain systems can reduce the cost and verification of cross-border transfers, allowing anyone with a cellphone, a crypto wallet, and access to an internet connection to send, receive, and store value in a relatively stable fiat currency.<\/p>\n

\"Stripe,
Stablecoins dominate crypto transactions in South America. Source: <\/em>Chainalysis<\/em><\/a><\/figcaption><\/figure>\n

Stripe integrated USD stablecoin payments<\/a>, allowing users to pay online merchants in fiat tokens, in October 2024. The integration was met with demand for the stablecoin payment option in 70 countries, the company said.<\/p>\n

According to the crypto platform Bitso, residents of Latin American countries are increasingly using stablecoins as a store of value<\/a> and a medium of exchange used for online purchases.<\/p>\n

Magazine: <\/strong><\/em>Banking The Unbanked? How I Taught A Total Stranger In Kenya About Bitcoin<\/strong><\/em><\/a><\/p>\n