Stripe Launches New Stablecoin To Revolutionize Cross-Border Crypto Payments
- Stripe tests new stablecoin product for businesses outside major markets
- Stripe’s $1.1B Bridge acquisition powers new global payment solution
- Stripe’s stablecoin initiative accelerates its global crypto payments expansion
Stripe, a major global payments platform, has announced plans to launch a new stablecoin product. Stripe will use Bridge stablecoin payments network, which it acquired in October 2024, to test the product. Stripe intends to expand the adoption of US dollar-backed stablecoin outside the current United States, Europe and UK markets.
Stripe’s stablecoin product comes after the firm acquired Bridge for $1.1 billion. Stripe CEO Patrick Collison announced the initiative on X and stated the planning for…
