Stripe rolls out stablecoin payouts for US businesses across 160 markets
Stripe has introduced a stablecoin payout capability that allows US-based businesses to transfer funds directly to crypto wallets in more than 160 markets.
Stripe has launched a stablecoin Global Payouts feature enabling businesses in the United States to send payments directly to cryptocurrency wallets across more than 160 markets, according to reports by SolanaFloor, Watcher.Guru, and Crypto Briefing.[1][2][3]
The payout functionality supports transfers over Solana as well as other blockchain networks. In addition to wallet disbursements, stablecoin balances can be utilized to fund payouts in local fiat currencies to recipient bank accounts.[1]
Crypto Briefing reported that the feature has the potential to speed up international business transactions, broaden financial inclusivity, and decrease reliance on traditional banking systems.[3]
Key facts
- Stripe launched stablecoin Global Payouts allowing US businesses to send funds to crypto wallets in more than 160 markets.
- Supported networks for the wallet payouts include Solana alongside other blockchains.
- Businesses can also use stablecoin balances to fund payouts to bank accounts in local currencies.
- Crypto Briefing reported that the tool could speed up cross-border payments, enhance financial inclusion, and reduce reliance on traditional banks.
Sources 路 3 sources
- SO
SolanaFloor@SolanaFloorPost on X 路
BREAKING: @Stripe launches stablecoin Global Payouts, letting US businesses pay crypto wallets in 160+ markets on @Solana and other networks. Stablecoin balances can also fund local currency bank payouts. https://t.co/o17zTWAh8d
Open source - WG
Watcher.Guru@WatcherGuruPost on X 路
JUST IN: 馃嚭馃嚫 Stripe now allows US businesses to send stablecoin payments directly to crypto wallets in over 160 markets.
Open source - CB
Crypto BriefingArticle 路
Stripe lets US businesses send stablecoin payouts to crypto wallets in 160-plus markets Stripe's stablecoin payout feature could accelerate global business transactions, enhancing financial inclusivity and reducing reliance on banks. The post Stripe lets US businesses send stablecoin payouts to crypto wallets in 160-plus markets appeared first on Crypto Briefing .
Open source