Stripe Reintroduces USDC Payments for U.S. Merchants

Stripe has reintroduced cryptocurrency payments for U.S. merchants, allowing them to accept USDC through Ethereum, Solana, and Polygon.

This move marks a significant return for the payment processing giant, which first supported Bitcoin payments in 2014 but discontinued the feature in 2018 due to issues like slow transaction times and high fees.

Now, businesses can process USDC transactions for customers across over 150 countries, receiving the equivalent in dollars.

Stripe’s product lead, Jeff Weinstein, noted that the new payment integration works with various checkout options and will soon support subscriptions. Circle CEO Jeremy Allaire expressed excitement over the launch.

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Although Stripe initially aimed for a summer rollout, delays pushed it to October. The company plans to expand USDC payment capabilities to more countries in the future.

Stripe has also been active in the crypto space, enabling its European operations to allow online stores to incorporate widgets for purchasing Bitcoin, Ethereum, and Solana.

Additionally, a partnership with Coinbase was established to integrate the exchange’s Layer 2 network, Base, into its crypto payout products, allowing users to buy digital assets using credit cards or Apple Pay.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.