Stripe Adds Stablecoin Tools as Ripple Flags Key Challenges
The post Stripe Adds Stablecoin Tools as Ripple Flags Key Challenges appeared on BitcoinEthereumNews.com.
Stripe launched Stablecoin Financial Accounts for businesses in 100+ countries using USDC and USDB. Ripple’s Monica Long stressed the need for regulatory clarity and liquidity for stablecoin adoption. Stripe acquired Bridge and partnered with Visa to enable stablecoin payments globally. At Stripe Sessions 2025 in San Francisco, fintech leaders gathered to discuss how stablecoins are reshaping business transactions. Ripple President Monica Long, alongside executives from Ramp and Airtm, took the stage to explain why companies can no longer overlook the role of stable digital currencies. Speaking at the event, Long outlined key challenges and progress in stablecoin adoption. She stated on X, “Blockchain payments need connectivity to local rails, and connectivity depends on bank partners having regulatory comfort and clarity. We’re in a starkly better place now than 2 years ago.” Stripe Adds Stablecoin Accounts at 2025 Sessions Stripe Sessions 2025 ran from May 6 to 8, featuring talks focused on payments innovation, cross-border money movement, and the use of blockchain in global commerce. A major announcement came when Stripe unveiled its new Stablecoin Financial Accounts. This feature allows businesses in over 100 countries to store and transfer stablecoins such as USD Coin (USDC) and US Dollar Book (USDB). This new feature aims to reduce the time and cost associated with international transactions. For companies operating in regions with unstable currencies, the use of stablecoins offers a more secure and consistent method for settling payments. According to Stripe, these tools will help bridge the gap between traditional finance and digital assets. Ripple’s Long on Stablecoin Hurdles: Regulation and Liquidity Monica Long emphasized that stablecoin usage still faces regulatory and structural hurdles. She noted, “It’s appealing but verrry challenging to be a software-only provider… hence why we have 60 licenses and counting.” Ripple has expanded its regulatory reach to ensure legal…
Filed under: News - @ May 10, 2025 2:22 am