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If spending $1.1 billion and there were not enough indications that stripes are serious about capturing stubcoin and market share there, that latest announcement shows that Serious.
Stripe has announced its Stablecoin Financial account. This is, as the name suggests, a money management feature. Companies in over 100 countries can now use these “stablecoin-driven” accounts.
Essentially, businesses can not only maintain the balance of stubcoins, but also receive funds. both Crypto rails and Fiat rails.
Ah, oh, that's a big deal.
Let me explain: Empire subscribers like yourself are very weeds when it comes to cryptography. Many of you come from cryptography and probably interact with cryptography every day.
We all recognize that Stablecoins are big winners of Crypto, and the degree of their usefulness has not yet been realized by non-cryptic people. Announcements like this are the exact kind of moves you'd like to see when introducing stupid things to businesses, entrepreneurs and executives who probably have heard of stubcoins through headlines but don't understand their usefulness.
“Stablecoins make money moving internationally faster and cheaper, so many of the world's largest companies are turning to stripes to help frame their Stablecoin strategies. But the challenges remain.
Announcements like Stripe have the opportunity to open the eyes of non-cryptic people and show how Stablecoin payments make a difference in terms of speed and cost.
If you combine this with what we created last week (we partner with Visa on a product that issues cards that allow people to spend Stablecoin balance as fiat), we are really cooking.
Stylized and showing off how effective they are is, if simplified, the first step in mass recruitment.
CEO Patrick Collison noted that Stablecoins twisted their “high wind” tail alongside AI, “dramatically changing the economic landscape around us.”
“Our job is to advance these technologies, so that stripe companies can quickly benefit from them,” he added.
Last year, companies using Stripe processed roughly $1.4 trillion in total payments. yes, T.
Currently these accounts support USDC and USDB (Bridge's Stablecoin), but will be added in the future.
This is how Crypto wins.
