Following this partnership announcement, merchants will be able to accept USDC from customers globally through the Base network. This integration allows for frictionless transactions without requiring any additional integrations or gateways.
Moreover, businesses can receive their local currency by default, eliminating foreign transaction fees and exchange costs. Alternatively, they have the option to claim USDC directly into their own wallets. Stripe’s involvement in this partnership simplifies crypto payments for companies while offering them greater flexibility in managing funds.
According to official press releases, merchants will benefit from the stability of USDC, which is 1:1 backed by USD reserves and maintains a constant value. This provides secure and reliable transactions along with improved checkout experiences. Additionally, stablecoins enable faster and more secure borderless payments for both buyers and sellers.
The partnership aims to accelerate the adoption of new payment methods among merchants while tapping into global markets, offering customers access to various services and benefits. By focusing on client needs and preferences, these companies can remain compliant with industry regulations.