Stripe Launches Stablecoin Accounts, Bridging Fiat, Crypto for Global Businesses

Financial technology giant Stripe has announced the launch of Stablecoin Financial Accounts, a new suite of money management capabilities that will allow businesses in 101 countries to hold balances in stablecoins, send and receive funds across both traditional fiat and cryptocurrency rails.

This move, coming just three months after Stripe's acquisition of stablecoin platform Bridge , signals a significant step towards integrating digital currencies into mainstream business operations.

The newly introduced Stablecoin Financial Accounts will enable businesses to fund their balances using traditional methods and receive payments in stablecoins. Crucially, they will also be able to send funds from their stablecoin balances in USD via traditional payment networks like ACH and wire, as well as in stablecoins over cryptocurrency networks.

Stripe has partnered with its subsidiary, Bridge, for the custody of these stablecoin balances. Initially, the platform will support two dollar-pegged stablecoins: USDC, issued by Circle, and USDB, an infrastructure stablecoin issued by Bridge. Stripe clarified that USDB is a closed-loop stablecoin, not available for public sale, but is fully backed one-to-one by the equivalent value of US dollars held in cash and short-duration money market funds at BlackRock.

This launch addresses a critical need for businesses operating globally, particularly those in regions with volatile currencies. The ability to seamlessly move between fiat and stablecoins within the Stripe ecosystem could significantly streamline international transactions and reduce reliance on traditional, often costly and slow, cross-border payment methods. Stripe cited a Visa study that noted stablecoin transactions have grown by over 50% in the past year.

Furthermore, Stripe highlighted Bridge's recent partnership with Visa , which will enable the issuance of the first-ever global card product linked to stablecoin wallets. This development will allow businesses and individuals holding stablecoins in their Bridge-custodied accounts to spend their balances at any of the millions of merchants worldwide that accept Visa. When a purchase is made, Bridge will handle the conversion from stablecoin to fiat currency for the merchant.

Patrick Collison, Stripe cofounder and CEO, emphasized the transformative potential of stablecoins, stating , "Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away."