Earlier this month at Stripe Sessions, we announced Stablecoin Financial Accounts—our largest effort to date in expanding money management capabilities to businesses across the globe. Entrepreneurs and businesses in 101 countries previously unsupported by Stripe can now: 

• Hold a dollar-denominated stablecoin balance 
• Send and receive US dollars via ACH or wire
• Send and receive euros via SEPA
• Send and receive stablecoins globally across eight blockchain networks

Commerce has never been more global, with the cross-border ecommerce market value expected to increase almost six-fold from $2.8 trillion in 2023 to $16.4 trillion by 2032. But while we’re seeing businesses sell into more countries than ever before, money management continues to be far from modern. Much of the world is subject to unstable currencies, high FX fees, and unreliable financial infrastructures—resulting in an unequal playing field when running a global business.

We’re changing that with Stablecoin Financial Accounts. Now, businesses in 101 countries can easily access a dollar-denominated account, and move money on stablecoin or established financial rails right from their Stripe Dashboard. Businesses can also pay vendors in global reserve currencies, reduce costs from inflation and currency exchanges, and access the global financial system.

Stablecoin Financial Accounts are powered by Bridge—the leading platform for stablecoin orchestration—which Stripe acquired earlier this year. We’ve integrated Bridge’s powerful APIs directly into Stripe, so that businesses can sign up and start managing their global financial operations with no code required. 

We’re starting with stablecoin storage in USDC and support for fiat transactions in USD and EUR. We’ll soon expand to offer storage in USDB, Bridge’s own stablecoin, and we plan to add more coins and fiat rails over time. 

Stablecoin Financial Accounts are currently in preview with businesses around the world. You can join the waitlist to get access.