
Stripe has launched stablecoin financial accounts in 101 countries, allowing businesses to hold balances in dollar-backed stablecoins, receive payments via crypto or traditional rails, and send stablecoins globally. The new accounts will initially support USDC and USDB, and can operate over Polygon rails. This move targets markets with limited access to US dollars. The company introduced a new AI foundation model for payments, trained on tens of billions of transactions, which Stripe says increased detection of card-testing attacks on large businesses by 64% overnight. Stripe also rolled out Smart Disputes, an AI tool for automating disputes handling. Stripe reported $1.4 trillion in payments processed in 2024, up 38% from the previous year, and cited $219 billion in volume last month. Nvidia recently migrated its entire subscriber base to Stripe Billing in six weeks, the fastest-ever migration to the platform. Other announcements include multi-currency accounts supporting USD, EUR, and GBP, support for 25 new payment methods, and partnerships with Ramp, Squads, and Airtm to offer stablecoin-backed multicurrency cards. Stripe also expanded Stripe Tax to 102 countries and completed its $1.1 billion acquisition of Bridge, founded by Zach Abrams and Sean Yu, whose clients included SpaceX. Stripe’s crypto offerings now include a Pay with Crypto option launched in late 2024.
New behavior from stablecoin holders is accelerating the industry's migration to a wallet-based, single-ledger future on blockchain. Sandy Kaul, Head of Innovation at Franklin Templeton, explores potential developments in this new article. https://t.co/TZK11BG98A #blockchain
https://t.co/FQ4OOTmgsE New behavior from stablecoin holders is accelerating the industry’s migration to a wallet-based, single-ledger future on blockchain. Sandy Kaul, Head of Innovation at Franklin Templeton, explores potential developments in this new article. #blockchain
New behavior from stablecoin holders is accelerating the industry's migration to a wallet-based, single-ledger future on blockchain. Sandy Kaul, Head of Innovation at Franklin Templeton, explores potential developments in this new article. #blockchain #stablecoins