Stripe unveils new stablecoin feature following $1.1 billion Bridge acquisition
Powered by @unfolded- Stripe has launched a new money management system called Stablecoin Financial Accounts, allowing businesses in 101 countries to hold, receive, and send U.S. dollar stablecoins.
- This feature follows Stripe's acquisition of stablecoin platform Bridge for $1.1 billion, marking the largest crypto M&A deal to date.
- The accounts support USDC and Bridge's USDB stablecoins, with plans to expand to more in the future, aimed at helping businesses in countries with volatile currencies.
- Stripe also introduced an AI payments foundation model designed to enhance fraud detection and authorization rates, leveraging extensive transaction data.