Stripe Opens Stablecoin Payouts to 160-Plus Markets

Stripe has opened its Global Payouts stablecoin wallet feature in public preview, allowing eligible U.S. businesses outside New York to send USDC or OUSD to recipients in more than 160 markets. Recipients receive the funds in external cryptocurrency wallets and do not need a Stripe account, according to the company’s product information. Businesses can fund payouts from a U.S. dollar or USDC balance in a Stripe financial account. Stripe says transfers typically arrive within minutes, although network conditions can delay delivery. The supported blockchain networks vary by token: USDC payouts are available on nine networks and OUSD payouts on four. Senders are instructed to confirm that the recipient’s wallet supports both the selected token and network. The preview is limited to businesses based in the United States, with New York companies excluded for now. Stripe offers those businesses an option to register for notice when access becomes available, but its documentation does not give a date for opening the service in the state. Stripe lists the stablecoin payout charge as 50 cents per transfer plus 0.5% of the amount sent. Its listed SWIFT wire fee is $25. The two...