It may be “crypto winter,” but it’s a “stablecoin summer” as digital dollar adoption booms, payments giant Stripe said Tuesday in its annual letter.

Bridge, the stablecoin orchestration platform Stripe acquired in 2024, saw transaction volume more than quadruple last year, according to the letter.

The firm also said it will “soon” launch the mainnet of Tempo, the payments-focused blockchain it is developing with crypto firm Paradigm and started testing in December.

Stripe has increasingly focused on bringing crypto technology to its payment network, seeing stablecoins as an alternative for cross-border transfers and programmable payments. Stablecoins are a $300 billion class of cryptocurrencies tied to fiat money like the U.S. dollar that…