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Stripe, a leading payments platform, introduced USDC stablecoin payments on October 9, and it quickly gained traction in over 70 countries on its first day. This move marks a significant moment for global crypto adoption, as stablecoins offer a promising alternative for seamless cross-border transactions.
Stripe first entered the crypto space in 2014 by integrating Bitcoin, but later halted BTC payments in 2018 due to slow transaction times and high fees. However, with the launch of USDC payments, Stripe is returning to the crypto space with renewed focus.
According to Jeff Weinstein, Stripe’s product lead, the company is focused on helping internet businesses reach more customers at a lower cost, and stablecoins are proving to be a valuable tool for this.
Stripe’s new offering allows merchants to accept USDC on Ethereum, Solana, and Polygon blockchains, making crypto payments more accessible worldwide.
Additionally, Stripe’s partnership with Coinbase supports a seamless integration between fiat and crypto payments, further accelerating the adoption of digital currencies for everyday transactions.