Stripe Develops Stablecoin Following $1.1 Billion Bridge Acquisition
- Stripe is developing a new stablecoin product.
- The project has been in consideration for nearly a decade.
- Stripe acquired stablecoin platform Bridge for $1.1 billion in October 2024.
- Patrick Collison, Stripe CEO, announced the development of the stablecoin.
Stripe’s CEO Patrick Collison confirmed that the company is actively developing a new stablecoin product, following its acquisition of Bridge for $1.1 billion in October 2024. This project has been an interest for nearly ten years.
Source (2.6)https://news.bitcoin.com/stripe-ceo-confirms-payments-company-is-developing-new-stablecoin-product-after-a-decade-of-interest/?rand=52384
