- Stripe launches stablecoin-based accounts for clients in over 100 countries, allowing them to hold and use U.S. dollar-backed tokens.
- The accounts support both USDC and USDB stablecoins, providing a digital alternative to traditional banking, especially in countries with unstable economies.
- Stablecoins are becoming more widely adopted as reliable stores of value and payment methods in developing regions, according to data from Chainalysis and other industry sources.
Stripe, a global payments platform, has introduced stablecoin-based accounts to users in more than 100 countries. The new offering lets clients send, receive, and hold balances in U.S. dollar-backed stablecoins, providing a digital experience similar to maintaining a traditional bank account, the company announced on May 7.
The technical documentation for the product details support for both Circle’s USDC and Bridge’s USDB stablecoins. Stripe acquired the Bridge platform in October 2024. The new accounts are available across regions including Argentina, Chile, Turkey, Colombia, and Peru.
According to Stripe, the launch comes as stablecoins gain traction as reliable stores of value in areas affected by high inflation, capital controls, or limited banking infrastructure. Industry data indicates the stablecoin market cap has surpassed $231 billion due to growing global demand for tokenized U.S. dollars, based on figures from RWA.XYZ.
Stablecoins—digital currencies pegged to stable assets such as the U.S. dollar—are increasingly being used to help bank populations that lack access to conventional financial services. Blockchain systems lower the costs and speed up cross-border transfers, enabling anyone with a cellphone and internet access to store and transfer value securely, according to the company.
Data from Chainalysis show that stablecoin transactions dominate crypto activity in South America. Stripe initially integrated stablecoin payments for online merchants in October 2024, with the feature seeing immediate demand from users in 70 countries.
The crypto platform Bitso reports that people living in Latin American countries are using stablecoins more often—not only to store value but also to make purchases online.
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