Breaking News
Stripe Will Help Millions of Shopify Merchants to Accept Stablecoin Payments
Programmable financial services company Stripe announced a deeper partnership with Shopify, in which Stripe will help millions of Shopify merchants accept stablecoin payments. In a few weeks, Shopify merchants across 34 countries will be able to accept payments in USDC.
Shoppers will be able to pay with USDC on Base using their preferred crypto wallet. By default, Stripe will allow merchants to receive stablecoin payments in their preferred local currency, to be deposited in their bank account just like any other payment they receive. Alternatively, merchants will have the option to transfer funds as USDC directly to an external wallet.
“Stripe has long handled the hard parts of payments so our merchants don’t have to,” said Kaz Nejatian, COO & VP of Product at Shopify. “Now they’re doing the same for stablecoins—making it simple for our merchants to meet booming global demand without wrestling with crypto infrastructure.”
In the last two years, more than $94 billion in stablecoin payments were settled globally. During that time, monthly payment volume grew from less than $2 billion to over $6.3 billion.
“We’re excited to work with Shopify to bring the benefits of stablecoins to a massive number of businesses at once,” said Neetika Bansal, head of Money Movement and Crypto at Stripe. “Now those businesses can reach more markets at lower costs—all without having to change how they already run their business.”
Stripe Connect is the product suite trusted by platforms like DoorDash, Instacart, and Salesforce, as well as Shopify, to manage multi-party payments. Now Connect platforms based in the U.S. will be able to turn on stablecoin payments for their users as well.
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Mesta Secures $5.5 Million Seed Round to Redefine Cross-Border Payments
Mesta, the Global fiat + Stablecoin Payment Network, today announced it has raised a $5.5 million seed round led by Village Global, with participation from Circle Ventures, Paxos, and WTI - Western Technology Investment. Existing backers including Garuda Ventures, Canonical Crypto, Everywhere Ventures, and Inventum Ventures also reaffirmed their support.
Stripe Launches New Products To Drive Stablecoins and Agentic Commerce Into the Mainstream
Today, programmable financial services company Stripe announced new products to help businesses take advantage of AI and stablecoins to grow their revenue. The updates were part of Stripe Tour New York, the company’s annual product showcase in NYC, with over 40 new products and features launched.
LayerZero enables Cross-Chain Interoperability for Quantoz Stablecoins EURQ and USDQ
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Chainlink Advances Tokenized Fund Workflows With Swift Messaging in Collaboration With UBS
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Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development
Kanastra, a financial technology company providing technology infrastructure and services for private credit funds and securitizations, today announced a $30 million Series B round led by F-Prime, with contributions from the International Finance Corporation (IFC), the World Bank's investment arm, as well as follow-on investments from current investors Kaszek, Valor Capital, Quona Capital and Itaú, Latin America's largest bank. The new capital will be used to accelerate product development, deepen automation across the private credit funds lifecycle, and expand Kanastra's client base.
I&M Bank Launches Tanzania’s First Mastercard World Elite Debit and Multi-Currency Prepaid Cards on OpenWay’s Way4 Platform
I&M Bank Tanzania, in partnership with Mastercard and OpenWay, has introduced the country's first Mastercard World Elite debit and multi-currency prepaid cards. Powered by OpenWay's Way4 digital payments platform, the new products cater to the evolving needs of Tanzania's affluent and middle-market customers by offering lifestyle privileges, advanced security, and seamless international transactions.
Sage Unveils Next-Generation, Integrated Cloud HR & Payroll Solution for Mid-Sized Businesses in South Africa
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