Payments Giant Stripe Reenters Crypto With USDC on Ethereum and Solana

Payments processor Stripe is back in the crypto game after announcing today that it will soon allow merchants to receive funds in the USD Coin (USDC) stablecoin.

Starting this summer, the San Francisco-based firm will let companies that use its technology accept USD Coin (USDC) for online payments. USDC is the second biggest stablecoin in the crypto space and the sixth biggest cryptocurrency by market cap.

“We’re excited about empowering Stripe users to accept stablecoin payments, helping them expand their global reach and give their customers access to easy, fast, and trustworthy transactions even if they don’t have a bank account or credit card,” John Egan, head of crypto at Stripe, said in a press release.

Stripe will initially support USDC transactions on the Ethereum, Solana, and Polygon networks