Stripe has announced a range of new products aimed at helping businesses leverage AI and stablecoins to support their growth.
The company, which processed US$1.4 trillion in payments in 2024, a 38% increase from the previous year, introduced these updates at its annual user event, Sessions.
The firm launched what it claims is the world’s first AI foundation model for payments, trained on tens of billions of transactions to enhance payment performance and fraud prevention.
Stripe says the model has already improved detection of sophisticated card testing attacks by 64% compared to its previous systems.
Stripe also introduced stablecoin-powered financial accounts, available in 101 countries.
These accounts allow businesses to hold, receive, and send funds in stablecoins such as USDC and USDB.
The launch follows Stripe’s recent acquisition of stablecoin platform Bridge.
These accounts are designed to support businesses in volatile currency markets and facilitate cross-border payments.
To address stablecoin usability, Stripe noted Bridge’s partnership with Visa to enable global card issuance tied to stablecoin wallets.
The system converts stablecoin balances into fiat at the point of transaction, allowing use at Visa-accepting merchants worldwide.
Stripe also rolled out multicurrency balance capabilities, allowing businesses to hold and manage funds in USD, EUR, and GBP within a single account.
This enables them to avoid foreign exchange fees by transacting and storing money in local currencies.
“AI and stablecoins are dramatically reshaping the economic landscape,”
said Stripe CEO Patrick Collison.
“Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away.”
Stripe added that companies such as NVIDIA and PepsiCo have expanded their use of its products.
NVIDIA recently migrated 25 million subscriptions in 70 countries to Stripe Billing in six weeks, while PepsiCo launched a new ordering and payment system using Stripe for small US businesses.
In Asia Pacific, Stripe is seeing increased adoption from companies like Luckin Coffee and Shoplazza.
It has also expanded regional payment method support, including UPI and Weixin Pay, to improve local customer experiences.
Stripe also introduced a new orchestration tool to help enterprises manage multiple payment providers from a single dashboard and reported over 60 new product updates, including expanded payment method support, AI-powered dispute handling, and enhanced billing and tax tools.
Featured image credit: edited from
