Trillion-Dollar Fintech Giant Stripe Steps Into Stablecoins

Stripe, the financial infrastructure giant that processed $1.4 trillion in payments volume in 2024, is stepping into the world of stablecoins with its new Stablecoin Financial Accounts. Stablecoin Financial Accounts will allow users to send, receive, and store stablecoins within Stripe in more than 100 different countries, but notably exclude areas with major economic value, such as North America and Western Europe. The launch comes as the stablecoin and real-world asset (RWA) market capitalizations hit new all-time highs . The stablecoin sector is currently valued at $242 billion , up 86% since the beginning of 2024. The RWA market is up 125% to $19.5 billion in the same period. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant