Stripe recently announced it will add support for USDC stablecoin as the stablecoin market explodes in March.
Six years after it discontinued support for Bitcoin payments, Stripe is aiming to incorporate cryptocurrency payments into its products.
The news was announced by company co-founder and president John Collison on Thursday:
“Stripe is rolling out crypto payments – this time with stablecoins, which is a much better experience.”
USDC, once integrated, will become a key tool in cryptocurrency trading among Stripe users, improving cryptocurrency adoption rates, while marking a major milestone for stablecoins.
The stablecoin market is seeing Capital increase amid general market volatility, reaching $160 billion – the highest level since May 2022 when Terra collapsed.
Stablecoin volume also hit a new all-time high on centralized exchanges, growing 98.9% to a staggering $2.18 trillion.
Stablecoins are hitting the market harder and becoming more useful to companies and governments looking to adopt cryptocurrencies.
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Annie
According to Fxstreet
