Slash launches USDSL, a USD stablecoin based on Stripe Bridge

According to Jinse Finance, San Francisco-based neobank Slash has launched the USDSL, a US dollar stablecoin issued by Bridge, a subsidiary of Stripe, along with global USD account services. This product enables USD deposits, withdrawals, and cross-border payments without the need for a US bank account, aiming to shorten settlement times and reduce foreign exchange costs. In May of this year, Slash completed a $41 million Series B funding round, reaching a valuation of $370 million.