Coinspeaker
Stripe to Allow Merchant Payments in USDC Stablecoin This Summer

After dropping its Bitcoin payments facility six years back in 2018, payments giant Stripe is once again coming with a crypto payment facility for merchant payments. Stripe has announced that starting this summer, it would support transactions in Circle’s native stablecoin USD Coin (USDC).

Stripe to Integrate USDC Payments

Thus, within several weeks, Stripe would integrate stablecoin payments into the servicer’s checkout suite. As announced by Stripe, the company would immediately settle the USDC transactions in fiat. All the USDC transactions shall happen initially through Ethereum, Solana, and the Polygon blockchain networks.

As said, Stripe has a long history of facilitating crypto payments. Back in 2014, the payment processor started offering Bitcoin payments to its customers. However, it discontinued its services in 2018 stating that Bitcoin was highly volatile and serves the purpose of an asset instea...