The new platform, powered by Stripe's Bridge-issued stablecoin, enables businesses to access U.S. dollars and streamline treasury management without a U.S. bank account.
San Francisco-based neobank Slash launched its Global USD Account on Tuesday, powered by a new U.S. dollar stablecoin issued by Stripe's Bridge. The platform, featuring its own stablecoin USDSL, allows companies to store, send, and receive dollars or stablecoins in one account, aiming to reduce settlement times and eliminate foreign exchange fees for cross-border payments. It expands on earlier USDC and USDT payment features and offers treasury management with options to off-ramp funds via ACH, wire, or SWIFT transfers, with plans to introduce a spending card and crypto wallet. Slash recently raised $41 million in Series B funding.