Stripe, a global payment platform, introduced Stablecoin -based accounts to clients in more than 100 countries.
According to a May 7 announcement, the new feature will allow platform clients to “send, receive, and hold the US-dollain account balances, similar to how a traditional Fiat bank account works.”
Product page Shut up That the new feature account will support USDC of Circle (USDC) And the USDB (USDB) stablecoins. Stripe got the bridge platform In October 2024.
The product is available to clients in more than 100 countries, including Argentina, Chilé, Turkey, Colombia, and Peru, among others.
The newly launched Stripe’s product has arrived at a time when Stablecoins are increasingly seen as stores of value in the development of economies that fight high inflation, capital controls, and lack of financial infrastructure.
Related: Stablecoin Fever: 5 The main stablecoins grows crypto adoption
Stablecoins bankruptcy in immutable and increasingly used as a value store
Stablecoins and Blockchain Railroads help with Bank the uninitiated In the development of regions of the world without critical financial and communication infrastructure.
Blockchain systems can reduce the cost and verification of cross-border transfers, allowing anyone with an cellphone, a crypto purse, and accessing an Internet connection to ship, receive, and cost the store to a relatively stable Fiat currency.
Stripe Joint payment of USD stablecoin.
According to the Crypto Bass platform, residents of Latin American countries are increasingly rising using stablecoins as a store of value and a medium of exchange used for online purchases.
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