Stripe Re-enters Crypto Arena, Enabling USDC Payments for US Businesses
Payment processing giant Stripe has made a return to the cryptocurrency space, announcing the reintroduction of crypto payments for US businesses after a six-year hiatus.
Merchants can now accept USD Coin (USDC), a stablecoin pegged to the US dollar, through various blockchain networks including Ethereum, Solana, and Polygon. This move signals a renewed embrace of digital currencies by a major player in the payments industry and has generated excitement within the crypto community.
Jeremy Allaire, CEO of USDC issuer Circle, expressed his enthusiasm on X, stating: “Official launch and support for USDC payments in Stripe products rolling out for businesses in the U.S. Very exciting to see how this unfolds!”
Source: X
Stripe’s…
