US neobank Slash partners with Stripe's Bridge to launch stablecoin for global commercial payments

Slash, a San Francisco-based corporate neobank, launched a payments and treasury platform on Tuesday, powered by a new USD stablecoin issued by Stripe's Bridge. The company announced that the product, called "Global USD Account," is aimed at businesses that don't need a US bank account but want to use US dollars and make cross-border payments. It incorporates Slash's own stablecoin, USDSL, allowing users to store, send, and receive US dollars or stablecoins in the same account. Slash said this setup is designed to shorten settlement times for cross-border payments to US suppliers and eliminate foreign exchange fees.