Stripe has launched a new feature allowing businesses to accept recurring payments in stablecoins, starting with USDC on the Polygon network. This update enables companies to manage stablecoin subscriptions alongside traditional fiat payments through the Stripe dashboard. Customers can use over 400 supported wallets to make payments, while merchants receive automatic fiat settlements. Stripe's custom smart contract eliminates the need for manual transaction signing, streamlining the process for recurring payments.
The move is particularly beneficial for businesses with significant international revenue, as it reduces cross-border payment costs and improves settlement speed. Companies like Shadeform have already shifted a portion of their transactions to stablecoins, cutting costs by 50% and enhancing efficiency. This development is part of Stripe's broader effort to support businesses with a recurring revenue model, which constitutes nearly 30% of its user base.
Stripe Introduces Stablecoin Support for Subscription Payments
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