Stripe, an Irish-American multinational financial services and SaaS company, launches the world’s first AI Foundational Model for payments. The model has been trained on tens of billions of transactions, and captures hundreds of subtle signals about each payment that specialized models can’t. 

To understand the impact of the foundational model, the application of Stripe’s new foundation model led to a 64 percent increase in attack detection rates for large enterprises within a very short time. These early results thwarting card testing attacks demonstrate the effectiveness of the new Payments Foundation Model. These will be deployed across Stripe’s payments suite to unlock additional performance improvements that were not previously possible.

Stablecoin Financial Accounts—Boon for Entrepreneurs 

Stripe has also launched new money management capabilities powered by stablecoins, which will be accessible to businesses in 101 countries. With these new accounts, businesses can hold balances in stablecoins, receive payments via both crypto and traditional rails like ACH and SEPA, and send stablecoins globally with ease. 

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This unlocks powerful tools for entrepreneurs in countries with unstable currencies, helping them hedge against inflation and connect more easily to the global economy. Stripe will begin by supporting two U.S. dollar–denominated stablecoins—USDC and Bridge’s USDB—with plans to expand support to additional stablecoins over time.

Stablecoin Gaining Popularity 

Over the past year, stablecoin transactions have jumped more than 50%, driven by their speed and low cost for cross-border payments. As a result, major global companies are partnering with Stripe to shape their stablecoin strategies. Consequently, more and more countries are adopting it, but making it possible to spend stablecoins at businesses that only accept fiat currencies remains a challenge. 

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Partnership with Visa 

To address this challenge, Bridge partnered with Visa last week to launch the first global card-issuing solution that lets users spend stablecoin balances as easily as traditional currency. Fintechs like Ramp, Squads, and Airtm will be able to issue Visa cards linked to stablecoin wallets across dozens of countries. 

These cards will work at any of Visa’s 150 million merchant locations worldwide.