Stripe is expanding its stablecoin payment feature to cover subscriptions, giving businesses a new way to accept recurring payments in digital currency.
The update is designed to support the 30% of businesses on Stripe with recurring revenue models, including the majority of AI companies.
Customers can now pay for subscriptions using crypto wallets, with settlements made directly in fiat.
Businesses can manage both fiat and stablecoin subscriptions through the Stripe Dashboard and integrate them with Stripe Billing and the Optimized Checkout Suite.
The move builds on Stripe’s stablecoin payment launch a year ago, which has been adopted by global companies seeking faster and more cost-efficient cross-border transactions.
The top 20 AI firms on Stripe, most of which are based in the US, now earn about 60% of their revenue from outside the country.
Companies such as Shadeform have shifted roughly 20% of their payment volume to stablecoins, which settle almost instantly and cost about half as much per transaction to process.
To make recurring crypto payments possible, Stripe developed a smart contract that allows customers to save their wallets as payment methods and authorize future transactions without manually signing each one.
The process is similar to saving any other payment method on Stripe and supports more than 400 crypto wallets.
The new capability also lets businesses extend the benefits of stablecoin payments across their entire product suite.
It is currently available in private preview for US-based businesses, supporting USDC transactions over the Base and Polygon blockchains.
Featured image: Edited by Fintech News Singapore, based on image by suksao via Freepik
