PANews reported on May 8 that Stripe announced the launch of "Stablecoin Financial Accounts", which supports corporate users in 101 countries and regions around the world who hold USDC or USDB stablecoin balances and can send and receive funds through fiat and crypto channels. The account is managed by Stripe's Bridge, and funds can be transferred in through ACH, wire transfer or crypto wallet, and can be transferred to bank accounts or crypto addresses. Stripe also plans to provide USDC-denominated Visa card services.
USDB is a closed-loop stablecoin, which means it is not publicly sold. USDB is an infrastructure stablecoin issued by Bridge. It always corresponds to an equivalent amount of US dollar cash and short-term money market funds held by BlackRock.
