Stripe

Stripe is the world's most widely deployed payment infrastructure platform, processing roughly $2 trillion in annual payment volume for millions of businesses across more than 190 countries. Since relaunching crypto support in 2024, Stripe has made Solana one of its core stablecoin settlement networks — allowing merchants to accept USDC directly from customers' Solana wallets, with Solana's sub-five-second finality enabling near-instant on-chain confirmation before Stripe deposits fiat into the merchant's existing Stripe balance.

Background

Founded in 2010 by brothers Patrick and John Collison, Stripe was an early crypto adopter — launching Bitcoin checkout support in 2014 — but discontinued it in 2018 due to volatility and slow settlement. When Stripe returned to crypto in 2024, it built on a fundamentally different model: dollar-pegged stablecoins rather than volatile assets, with Solana as one of three launch networks alongside Ethereum and Polygon.

In October 2024, Stripe announced the $1.1 billion acquisition of Bridge, a stablecoin orchestration platform supporting seven blockchains including Solana. The deal — Stripe's largest acquisition and, at the time, the largest in crypto history — closed in February 2025. Bridge had already built infrastructure abstracting across Ethereum, Solana, Polygon, Arbitrum, Base, Tron, and Stellar, making it a natural back-end for Stripe's multi-chain stablecoin ambitions. Stripe also acquired Privy, a crypto wallet infrastructure company, to manage wallet-related services for its expanded product suite.

In September 2025, Stripe and crypto venture firm Paradigm announced Tempo, a Layer 1 blockchain purpose-built for high-throughput stablecoin payments. Tempo launched in March 2026 with infrastructure partners including Mastercard, UBS, Klarna, and Visa, and has been added to Stripe's stablecoin payments product as a fourth settlement network alongside Solana, Ethereum, and Polygon.

How Stablecoin Payments Work

Merchants enable stablecoin payments through the Stripe Dashboard without writing additional code. When a customer selects "Crypto" at a Stripe-hosted checkout page or Stripe Elements integration, they are redirected to crypto.stripe.com, where they choose a stablecoin and a blockchain network. Selecting Solana connects one of the 400+ supported wallets — including Phantom — and the customer authorizes the transaction directly from their wallet. Solana's block time delivers confirmation in under five seconds, faster than the approximately two minutes required on Ethereum or one minute on Polygon.

Once confirmed on-chain, Stripe receives the stablecoin, converts it, and credits the merchant's Stripe balance in their local fiat currency. The 1.5% transaction fee is charged to the merchant. Because the customer authenticates directly with their crypto wallet, there are no chargebacks — eliminating the fraud-driven reversals common in card commerce. Refunds process as stablecoins back to the originating wallet.

Stablecoin payments integrate with Stripe Checkout, Elements, Billing (including invoices), and Payment Links, with full Connect support for marketplace and platform businesses. Per-transaction limits are $10,000.

Supported Tokens on Solana

On the Solana network, Stripe currently accepts:

• USDC — Circle's dollar-pegged stablecoin, available to customers globally
• USDP — Paxos Dollar, available to US-based customers only

Stripe also accepts USDC on Ethereum, Polygon, Base, and Tempo, and USDG (Gemini Dollar) on Ethereum.

Additional Products

Stablecoin Subscriptions (Private Preview): A smart-contract-based system enabling customers to authorize recurring stablecoin payments from their crypto wallet without manually signing each transaction. Stripe Billing manages both fiat and stablecoin subscriptions in a unified dashboard view.

Stablecoin Treasury (Public Preview): Businesses can receive, hold, and send stablecoins within a Stripe Financial Account, enabling dollar-denominated on-chain balances and cross-border transfers without converting to fiat at each step.

Stablecoin Payouts via Connect (Private Preview): Platforms and marketplaces can pay connected accounts — sellers, creators, service providers — directly in stablecoins rather than via traditional fiat wire transfers. Bridge's global stablecoin orchestration layer powers the underlying movement.

Stablecoin-Backed Card Issuance (Private Preview): Connected accounts can receive virtual or physical prepaid Visa cards backed by stablecoin balances in their Stripe Financial Account.

Fiat-to-Crypto Onramp: An embeddable widget allowing platforms to let users purchase crypto with traditional payment methods through Stripe's hosted interface or embedded SDK components, available across web (JavaScript), iOS, Android, and React Native.

Open Issuance: Through the Bridge subsidiary, Stripe now enables any business to mint and manage its own stablecoin with minimal integration. The platform handles reserve management (with BlackRock, Fidelity, or Superstate options), minting, burning, and compliance infrastructure. Phantom's team used Open Issuance to launch CASH, the first stablecoin issued through the platform — making Solana's leading wallet the first to issue a stablecoin under this infrastructure.

Solana Ecosystem Integration

Solana holds a structural advantage in Stripe's multi-chain offering: sub-five-second settlement finality makes it the fastest network available for stablecoin payments. This speed is material in payment contexts where waiting for block confirmations adds user-facing friction.

Stripe's Solana integration has already produced enterprise-scale deployments. Meta integrated Stripe's stablecoin payout infrastructure to distribute earnings to eligible creators in USDC on Solana (and Polygon), making it one of the first consumer-scale examples of a major platform using Solana for real-money payouts. Ramp, the corporate card and finance automation company, also announced a partnership with Stripe for stablecoin payments and financial accounts.

Bridge supports Solana as one of its seven networks, enabling cross-chain stablecoin orchestration — including USDC flows from Solana — for fintech companies using Bridge's API independently of Stripe's core checkout products.

Regulatory Context

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), signed into law on July 18, 2025, established a federal regulatory framework for US stablecoin issuers, including reserve and disclosure requirements. The legislation passed the Senate 68-30 and the House 308-122, creating the first clear regulatory floor for dollar stablecoins. Stripe entered that environment with an active stablecoin checkout product, a stablecoin infrastructure acquisition, and an established money services licensing presence in the US and internationally.

Geographic Availability

Stablecoin payments are generally available to US-based merchants and in private preview for merchants in the European Union, Hong Kong, Mexico, and Switzerland. Customers can pay with stablecoins from virtually any country, with sanctioned jurisdictions excluded per Stripe's standard restricted businesses policy.