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 of the account will support the USDC (USDC) of the Circle (USDB (USDB) Stablecoins. Stripe obtained 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.
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Stablecoins bankruptcy in immutable and increasingly used as a value store
Stablecoins and blockchain payment metals help to cope with the non -generated region of the world without critical financial and communications 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.
The Stripe integrated USD Stablecoin payment, which allowed users to pay online traders to Fiat tokens, in October 2024. The integration was met with demand for the stablecoin payment option in 70 countries, the company said.
According to the Crypto Bass platform, residents of Latin American countries are increasingly using stablecoins as a value store and a medium of exchange used for online purchases.
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