According to Bloomberg, Stripe’s US merchants have been authorized to accept Circle-issued stablecoin USDC through their online checkout pages since October 9. The payment company was the first to support Bitcoin payments in 2014, but canceled the feature four years later.

As interest in digital currencies grows, traditional payment companies such as Visa have also entered the stablecoin market. Last week, Visa announced support for stablecoin options to help Stripe provide merchants with a global payment method.

Stripe product chief Jay Shah said in a speech in New York that Stripe supports more than 100 payment options and continues to expand its payment suite. Product chief Jeff Weinstein said Stripe's principle is to meet the needs of Internet companies and help them reach more customers at a lower cost.