Bank of America Slash partners with Stripe's Bridge to launch the stablecoin USDSL

ChainCatcher news, according to Coindesk, San Francisco digital bank Slash announced a partnership with Stripe's Bridge to launch the stablecoin USDSL, creating a "global dollar account" payment platform.

The solution allows businesses without a U.S. bank account to make cross-border payments using stablecoins, significantly reducing foreign exchange costs and accelerating settlement speeds. Slash revealed that its stablecoin payment feature has processed nearly $1 billion in annualized transaction volume and plans to launch a corporate card that supports stablecoin spending. This collaboration comes at a time when the regulatory framework for stablecoins is being clarified following the implementation of the U.S. GENIUS Act, and Slash has recently completed a $41 million Series B funding round, reaching a valuation of $370 million.