Payment service Stripe has added stablecoins USDC and USDP as a payment option on the checkout page, Bloomberg reports.
On the very first day, clients from more than 70 countries took advantage of the option.
“We’re doing what internet businesses want, and they want to reach more customers at a lower cost. Stablecoins are showing early signs that they can help achieve that,” said Stripe’s head of product, Jeff Weinstein.
The company announced the integration of such transactions in April.
Stripe supports USDC on Ethereum, Solana, and Polygon, and USDP on Ethereum and Solana. Stablecoin payments are converted to US dollars. The firm charges 1.5% of the USD transaction amount.
The launch of the service was made possible by a partnership with Coinbase concluded in June.
As part of the deal, Stripe added support for Base to its suite of cryptocurrency products, and the exchange included Stripe's fiat-to-digital asset transfer service in the Coinbase Wallet.
In 2014, Stripe became the first major provider to integrate Bitcoin payments. In 2018, the firm abandoned digital assets “due to high volatility.”
At the end of 2019, the company exited Facebook's Diem project.
In 2021, Stripe founder John Collison described himself and the firm as “enthusiastic Bitcoin fans.”
Recall that in July 2024, Stripe added the ability to purchase Bitcoin, Ethereum and Solana in the EU
