Slash, a new bank in the United States, collaborates with Bridge, a subsidiary of Stripe, to launch stablecoins for global commercial payments

According to CoinDesk, Slash, a corporate new bank based in San Francisco, launched a new payment and fund management platform supported by a new US dollar stablecoin issued by Bridge, a subsidiary of Stripe, on Tuesday. The company announced that the name is“ Global USD Account” The product is aimed at companies that do not require a US bank account but wish to use US dollars for cross-border payments. It introduces Slash's own stablecoin USDSL, allowing users to store, send, and receive US dollars or stablecoins in the same account. Slash stated that this setup aims to shorten the settlement time for cross-border payments to US suppliers and waive foreign exchange fees.