Stablecoin accounts for Stripe Treasury, now in 101 countries
At Stripe Sessions earlier this month, Stripe announced an expansion of its money-management platform that brings stablecoin-backed accounts to businesses in countries that were previously unsupported by Stripe. The new Treasury offering gives entrepreneurs in 101 countries access to a dollar-denominated stablecoin balance, alongside options to move money over traditional or blockchain rails.
Specifically, businesses 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
The move is aimed at a persistent problem in cross-border commerce: money management infrastructure has not kept pace with the globalization of sales. The cross-border ecommerce market is projected to grow from $2.8 trillion in 2023 to $16.4 trillion by 2032, yet many businesses still face unstable local currencies, high FX fees, and unreliable financial systems when trying to operate internationally.
With Treasury, businesses in these 101 countries can open a dollar-denominated account and manage inbound and outbound payments through either stablecoin or established fiat rails, all from the Stripe Dashboard. That allows them to pay vendors in reserve currencies, reduce exposure to inflation and unfavorable exchange rates, and participate more fully in the global financial system.
Under the hood: Bridge integration
The stablecoin side of Treasury is powered by Bridge, the stablecoin orchestration platform Stripe acquired earlier this year. Stripe has integrated Bridge's APIs directly into its own platform, meaning businesses can sign up and begin managing global operations without writing any code.
The initial rollout supports storage in USDC and fiat transactions in USD and EUR. Stripe plans to add support for USDB, Bridge's own stablecoin, shortly, with additional coins and fiat rails expected over time.
