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Stripe Adds Stablecoin Support for Recurring Subscription Payments
Stripe is expanding its crypto capabilities with the launch of USDC-powered subscriptions on Base and Polygon.
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Stripe has enabled stablecoin subscription payments, allowing businesses to accept recurring crypto payments seamlessly through the Stripe Dashboard. The update extends the company’s stablecoin infrastructure to support businesses with recurring revenue models, which account for nearly 30% of Stripe’s user base.
What’s the Scoop?
- Subscriptions Go Onchain: Businesses can now accept recurring payments in stablecoins, starting with USDC on the Base and Polygon networks. Customers can pay with over 400 supported wallets, while merchants receive fiat settlements automatically through Stripe’s integrated billing system.
- Solving Onchain Friction: Stripe built a custom smart contract to eliminate one of the biggest pain points in blockchain payments: manual signing for each transaction. The new system lets customers save their wallet as a payment method and authorize recurring payments with no re-signing required.
- Unified Dashboard Experience: Stablecoin subscriptions can be managed alongside fiat payments in the Stripe Dashboard, fully compatible with Stripe Billing and the Optimized Checkout Suite. This integration gives businesses a unified view of cash flows across both traditional and crypto rails.
- Global Efficiency Boost: Stripe says top AI companies using its platform derive roughly 60% of revenue from outside the U.S., where cross-border payments are costly and unreliable. Some, like Shadeform, have already shifted up to 20% of volume to stablecoins, cutting transaction costs in half and improving settlement speed dramatically.
