Stripe Enables Stablecoin Payouts to Crypto Wallets Across…
By Karthik Subramanian
AI summary of the source article
Stripe has enabled eligible US businesses to send USDC and OUSD stablecoin payouts directly to cryptocurrency wallets across more than 160 international markets via Stripe Global Payouts, using blockchain networks instead of solely relying on traditional banking channels.
Why it matters
For Stripe, the significance lies in making stablecoin transfers available through familiar business payment tools rather than requiring customers to manage blockchain transactions independently.
Key facts
- Eligible US businesses can send USDC and OUSD payouts to crypto wallets in over 160 international markets, excluding New York-based businesses during public preview.
- USDC transfers support nine blockchain networks, while OUSD transfers support four networks, priced at $0.50 plus 0.5% per transaction.
- Payouts can be funded using USD or USDC balances held in Stripe accounts, with funds typically received within minutes.
Source excerpt · FinanceFeeds
Payments company Stripe has expanded its stablecoin payout capabilities, allowing eligible US businesses to transfer digital dollars directly to cryptocurrency wallets in more than 160 international markets. The service, available through Stripe Global Payouts, supports Circle's USDC and Open USD (OUSD), enabling businesses to make cross-border payments using blockchain networks instead of relying…