Stripe Expands Stablecoin Payouts for US Businesses to More Than 160 Markets
JH Kim
Summary
- Global payments company Stripe has expanded its stablecoin payout service for US businesses.
- US businesses can now send OUSD or USDC to crypto wallets in more than 160 markets.
- Stripe said transfers made through the service are typically completed within minutes.
Forecast Trend Report by Period
Stripe has expanded its stablecoin payout service for US businesses, allowing companies to send OUSD or USDC to crypto wallets in more than 160 markets.
Cointelegraph reported on November 4 that US businesses can use stablecoins to send funds to overseas recipients' crypto wallets.
Supported tokens include OUSD and Circle's US dollar-pegged stablecoin USDC. The service is available in more than 160 markets.
Stripe said transfers through the service are typically completed within minutes.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.