Stripe introduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand.
Stripe, a major payments provider, saw users from 70 countries adopt its newly launched stablecoin payment option on the first day of its rollout, highlighting strong global demand for alternative payment solutions.
Stripe was the first major payment provider to adopt Bitcoin (BTC) in 2014. Still, the company backtracked on the decision in 2018, citing slow confirmation times and high fees as the reason for abandoning Bitcoin as a payment method.
On Oct. 9, Stripe introduced USD Coin (USDC) stablecoin payment options for its users following years of planning. In 2021, three years after discontinuing BTC payments, Stripe hired a new blockchain team tasked with working “across everything from web/mobile UIs to backend, payments and identity systems.”
