Stripe Unveils Stablecoin Payment Accounts, AI Features During Annual User Event
Stripe is enhancing its crypto offerings by launching stablecoin financial accounts across 101 countries. This initiative allows businesses to hold dollar-backed stablecoins, receive payments through various mediums, and send stablecoins globally. Alongside this, Stripe introduced an AI model trained on billions of transactions to better detect fraud and improve payment authorization rates. Patrick Collison, Stripe's CEO, noted the dual influence of AI and stablecoins on the economic landscape. Stripe processed $1.4 trillion in payments in 2024, marking a 38% increase from the previous year. This new push follows a previous retreat from the crypto sector in 2018 and a recent acquisition of the stablecoin payments platform, Bridge, for $1.1 billion. Additionally, Stripe launched multi-currency accounts to facilitate financial operations for multinational businesses, aiming to minimize foreign exchange fees.
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