Stripe Launches Stablecoin Accounts in Over 100 Countries

Stripe, the global payments giant, has announced the launch of stablecoin-based accounts for clients in more than 100 countries. The new offering enables users to send, receive, and hold balances in stablecoins, mirroring the functionality of traditional fiat bank accounts.

Stablecoins: USDC and USDB Supported

According to the May 7 announcement, Stripe’s stablecoin accounts will support Circle’s USDC and Bridge’s USDB. The inclusion of USDB follows Stripe’s acquisition of Bridge in October 2024.

The service aims to provide financial flexibility in regions where access to stable currency is limited. Countries such as Argentina, Chile, Turkey, Colombia, and Peru are among the 100+ nations where the product will be available.

Addressing Financial Gaps in Emerging Markets

Stripe’s move comes as stablecoins gain traction in developing economies. In regions struggling with high inflation, capital controls, and weak financial infrastructure, stablecoins have emerged as digital lifelines.

Blockchain payment rails enable seamless cross-border transfers at reduced costs. Users only need a cellphone, a crypto wallet, and internet access to send, receive, and store value in a stable fiat-like form.

Latin American countries, in particular, are increasingly relying on stablecoins. Data from Bitso shows that residents are using these digital assets as both a store of value and a medium of exchange for online purchases.

Stripe’s Global Push

This latest development builds on Stripe’s earlier integration of USD stablecoin payments in October 2024. That integration allowed users to pay online merchants with fiat tokens, initially rolling out in 70 countries. The company noted significant demand for the stablecoin payment option.

With this new stablecoin account feature, Stripe is positioning itself as a bridge between traditional finance and blockchain-based payment systems. For many in developing markets, it could mean access to borderless financial services that were previously out of reach.

A Step Toward Financial Inclusion

Stripe’s stablecoin-based accounts mark a significant step towards banking the unbanked. By leveraging blockchain technology, Stripe is reducing barriers to financial services and offering a solution to regions historically underserved by traditional banking.