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Blog post from Stripe
Since launching stablecoin payments, Stripe has observed rapid global expansion among companies utilizing this technology, particularly in the AI sector, where 60% of revenue for the top companies comes from international markets. Stablecoins offer a cost-effective solution for cross-border payments, settling quickly and inexpensively, which has led to approximately 20% of payment volumes for some companies shifting to this method. Stripe is now introducing subscription capabilities for stablecoin payments to support the 30% of its businesses with recurring revenue models, including many AI companies. This new feature allows customers to use their crypto wallets for subscription payments, which are managed alongside fiat payments on the Stripe Dashboard. The integration with Stripe's Optimized Checkout Suite and Billing aims to extend stablecoin benefits across their entire product suite. A smart contract has been developed to allow recurring payments without the need for manual transaction authorization, supporting over 400 wallets. This initiative not only reduces payment costs globally but also attracts tech-savvy users and provides options for those lacking access to traditional payment methods. Initially, these stablecoin-based subscriptions will be available in a private preview for US-based businesses, supporting USDC transactions on the Base and Polygon blockchains.