Stripe Brings Back USDC Payments After Six-Year Gap

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Global payments giant Stripe has officially reinstated crypto payments after a six-year hiatus. Stripe now supports payments in USD Coin (USDC), a stablecoin pegged to the US dollar, on the Ethereum, Solana, and Polygon networks.

This feature is available to US-based businesses and allows them to accept stablecoin payments from customers in over 150 countries while receiving settlements in US dollars.

This greatly simplifies crypto transactions and allows merchants to handle payments without needing to directly manage or convert digital assets themselves.

This latest feature comes after Stripe initially discontinued Bitcoin payments in 2018 due to concerns over transaction speeds, fees, and volatility.

Jeff Weinstein, Stripe’s product lead, announced in an X post that “crypto on Stripe is officially back,”

okee, crypto on @stripe is officially back!

– accept stablecoins from 150+ countries
– buyers pay in usdc (via ethereum, solana, polygon)
– you, as a usa business, receive usd
– works with checkout, elements, or payment intents (and soon subscriptions)

see a live demo:… https://t.co/zPyQyAMvJd

Stripe’s new “Pay with Crypto” feature is designed to streamline crypto transactions by converting USDC payments into fiat currency.

Businesses will see these payments settle in their Stripe balance in USD, eliminating the complexities often associated with holding and converting cryptocurrency.

This integration supports Stripe Checkout, Payment Elements, and Payment Intents API, allowing businesses to seamlessly offer crypto payments alongside