Stripe launches Stablecoin financial accounts across 101 countries

By Umair Joiya - Crypto Writer
Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
Stripe
Cover illustration/art via BTCRead. Image combines content, which may include AI-generated ideas.

Stripe has introduced a major set of innovations to improve how businesses manage payments and financial operations around the world. The company now allows businesses in 101 countries to open financial accounts using stablecoins like USDC and USDB, offering faster international payments, stable balances, and broader economic access.

The new accounts enable companies to receive and send money cross-country using both traditional and crypto rails. Stripe has also introduced the world’s initial AI foundation model designed for payments, which helps to improve fraud detection and authorize payments.

The new system, which has seen billions of transactions, is better at detecting suspicious activity that previous models did not catch. Initial deployment resulted in a 64 percent increase in blocking card test attacks for big companies.

Along with the stablecoin account rollout, Stripe added new features to allow businesses to manage balances in multiple currencies like USD, GBP, and EUR. This update will help international businesses avoid extra fees by storing money in the currency received, issuing local cards, and paying local vendors directly. These changes start with US and UK businesses and will expand to the Eurozone later this year.

Stripe adds AI, Tax, and Credit Card tools

Stripe also revealed a faster-than-ever migration of NVIDIA to its Stripe Billing service within six weeks. Another prominent partnership is with PepsiCo, which is using Stripe for restaurant and store digital payments rather than antiquated check-based technology.

Stripe added 60 new features, such as AI-based dispute management, new tax capabilities present across 102 countries, and issuance of consumer credit cards for companies.

Integration with over 25 other forms of payment, like Klarna and UPI, has also come on board. Payments worth $1.4 trillion were processed by companies using Stripe last year, a 38 percent jump from 2023.

Stripe’s expanded services and new AI and stablecoin features continue to position the company as a key financial infrastructure partner for fast-growing global businesses.

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Crypto Writer
Umair Joiya is a dedicated crypto writer with one year of experience in the dynamic world of digital assets. Passionate about blockchain technology and market trends, he specializes in crafting clear, engaging content that breaks down complex topics for readers of all levels.
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