CoinVoice has recently learned that Stripe announced the launch of ‘Stablecoin Financial Accounts’, allowing corporate users in 101 countries and regions to hold USDC or USDB stablecoin balances, which can receive and send funds through fiat and encryption channels. The account is hosted by Bridge, a subsidiary of Stripe, and funds can be deposited via ACH, wire transfer, or Wallet, and can be transferred to a bank account or encryption Address. Stripe also plans to offer Visa card services priced in USDC.
USDB is a closed-loop stablecoin, which means it is not publicly issued. USDB is an infrastructure stablecoin issued by Bridge. It is always backed one-to-one by the equivalent amount of USD cash and short-term money market funds held by BlackRock.
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