Stablecoin payments have come to Stripe. And it might just be the beginning of their plans for crypto.
What’s happening:
- Stripe has officially rolled out the ability for merchants in the United States to be able to accept USDC as payment
Why it matters:
- This is the first time in more than half a decade that Stripe has begun allowing merchants to accept payments through digital assets
By the numbers:
- Stripe has enabled American based merchants to be able to accept crypto payments from users in more than 150 different countries
- Merchants can accept up to $10,000 USD in a one time payment via crypto and have it instantly settled into fiat
- Stripe is charging a 1.5% transaction fee for processing payments made through crypto
Going deeper:
- Stripe is supporting USDC payments being settled on multiple leading blockchains including Solana, Ethereum and Polygon
The intrigue:
- Stripe has also been getting extremely serious about stablecoins as the future of payments, previously making waves with their billion dollar acquisition of digital asset company Bridge
