Stripe Brings Stablecoin Accounts to More Than 100 Countries (1)

Stripe Inc. is launching stablecoin-funded accounts in more than 100 countries, allowing merchants to hold funds and pay vendors internationally. The accounts will use Circle Internet Group Inc.’s dollar-tracking token USDC as well as the USDB stablecoin issued by Stripe’s recently-acquired Bridge unit.

Stripe, which is known for helping online businesses accept payments, is moving toward becoming its own financial ecosystem where companies can easily pay each other within its network.

The new offering marks the latest effort by a financial-technology company to incorporate stablecoins — cryptocurrencies that typically track the dollar or another currency — as a ...