Stripe to Develop Multi-Currency Stablecoin Card With Plasma
Summary
- Global payments company Stripe said it is working with Plasma to develop a multi-currency stablecoin card.
- The card will let users spend balances held in multiple currencies, while the system automatically selects the appropriate currency for each purchase.
- The stablecoin card is currently available in more than 30 countries and is due to expand to more than 100 countries next year.
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Global payments company Stripe is working with Plasma, a stablecoin-focused Layer 1 blockchain, to develop a multi-currency stablecoin card.
Odaily reported on October 15 that Stripe announced the project with Plasma that day. The card is designed to let users spend balances held in multiple currencies, with the system automatically selecting the most suitable currency at the time of purchase.
Currencies under discussion include the U.S. dollar, euro, Brazilian real, Mexican peso and Colombian peso. Supported stablecoins will include those that meet the requirements of the U.S. GENIUS Act, such as Circle's USDC and OpenUSD's OUSD.
Stripe's stablecoin card is currently available in more than 30 countries. The service is scheduled to expand to more than 100 countries next year.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul