Stripe Launches Stablecoin Accounts, AI Model for Global Business Growth

Stripe has introduced a suite of new financial services designed to assist businesses in leveraging stablecoins and artificial intelligence (AI) for growth. Announced at its annual user event, Sessions, the company has launched Stablecoin Financial Accounts, enabling businesses in 101 countries to hold and transfer digital dollars such as USDC and USDB. These accounts allow firms to receive and accept payments, maintain balances, and facilitate cross-border transactions more efficiently and securely.

Stripe's new service is particularly beneficial for companies operating in regions with unstable currencies. By using stablecoins, businesses can protect their earnings from inflation and better integrate with the global market. The company plans to expand support for additional stablecoins in the future.

In addition to stablecoin accounts, Stripe has introduced an advanced AI model tailored for the payments industry. This model, trained on tens of billions of transactions, can detect subtle signals that older models might overlook. As a result, businesses can experience reduced fraud and improved payment approval success rates. Stripe's new AI model has already demonstrated its effectiveness by cutting card testing attacks by 80% over the past two years and improving the detection rate by nearly 64% overnight.

Stripe has also enhanced the practical use of stablecoins through a partnership with Visa. Companies can now issue Visa cards linked to stablecoin wallets, allowing for instant conversion of stablecoins to local currency upon payment. This feature enables merchants to process these transactions just like any other card payment, making stablecoins more accessible and usable in everyday transactions.

Several firms, including Ramp, Squads, and Airtm, are set to introduce multi-country cards, enabling users to utilize stablecoins anywhere Visa is accepted, which includes over 150 million locations worldwide. Additionally, Stripe has introduced a multicurrency feature that allows businesses to store, transfer, and receive USD, EUR, and GBP within a single Stripe account. This feature is currently available for companies in the U.S. and the U.K., with plans to expand to the Eurozone later this year.

Stripe’s President of Product and Business, Will Gaybrick, emphasized the company's goal of creating programmable financial services that make managing money as straightforward as handling data. The latest innovations from Stripe aim to support modern businesses by combining the speed of stablecoins with the intelligence of AI, enhancing global money management and accelerating growth in a digital-first economy.