Today, programmable financial services company Stripe announced new products designed to help businesses harness AI and stablecoins to accelerate their growth.

Stripe serves the world’s largest and fastest-growing companies, including half of the Fortune 100 and 78% of the Forbes AI 50. Last year, businesses on Stripe processed $1.4 trillion in total payment volume—up 38% from 2023 and equivalent to around 1.3% of global GDP. In aggregate, the revenue that businesses process on Stripe is growing seven times faster than that of companies in the S&P 500.

At its annual user event, Sessions, Stripe launched the world’s first AI foundation model for payments and unveiled a major expansion of its money management capabilities, including stablecoin-powered accounts.

“There are not one, but two, gale-force tailwinds, well off the Beaufort scale, dramatically reshaping the economic landscape around us: AI and stablecoins,” said Patrick Collison, Stripe cofounder and CEO. “Our job is to pull these technologies forward so businesses on Stripe can benefit from them right away.”

Investing in AI to fuel growth for businesses

Stripe has a long history of using specialized AI models, each optimized for a specific task like preventing fraud, increasing authorization rates, or personalizing the checkout experience for individual buyers.

To help its users grow even faster, Stripe announced today it has built the world’s first AI foundation model for payments. Stripe’s Payments Foundation Model is trained on tens of billions of transactions, and captures hundreds of subtle signals about each payment that specialized models can’t. It will be deployed across Stripe’s payments suite to unlock additional performance improvements that were not previously possible.

Early results thwarting card testing attacks demonstrate the effectiveness of the new Payments Foundation Model. With its previous models, Stripe gradually reduced card testing by 80% over two years. By applying the new foundation model, Stripe increased its detection rate for attacks on large businesses by 64% practically overnight.

Reinventing global money management with stablecoins

Stripe launched Stablecoin Financial Accounts, new money management capabilities powered by stablecoins, which will be accessible to businesses in 101 countries. This comes just three months after Stripe completed its acquisition of stablecoin platform Bridge.

With these new accounts, businesses will be able to hold a balance in stablecoins, receive funds on both crypto and fiat rails (like ACH and SEPA), and send stablecoins almost anywhere in the world. These accounts will allow entrepreneurs in countries with volatile currencies to hedge against inflation and more easily access the global economy. Stripe will start by supporting two dollar-denominated stablecoins—USDC and Bridge’s USDB—and plans to add others over time.

Over the past year, stablecoin transaction volumes have surged over 50%. Because stablecoins make it dramatically faster and cheaper to move money internationally, many of the world’s largest companies are turning to Stripe to help assemble their stablecoin strategies. But a challenge remains: making it possible to spend stablecoins at businesses that only accept fiat currencies.

To solve this, last week, Bridge partnered with Visa on the first-ever global card issuing product that will make stablecoin balances as easy to spend as fiat currency. Fintechs like Ramp, Squads, and Airtm will be able to issue Visa cards linked to stablecoin wallets in dozens of countries. When a cardholder makes a purchase, Bridge deducts the funds from their stablecoin balance and converts them into fiat, enabling the merchant to get paid in their local currency as they would with any other transaction. These stablecoin cards can be used at any of the 150 million merchants around the world that accept Visa today.