Stripe to Launch Stablecoin Cards in Over 100 Countries
- Stripe has issued over 400 million cards and processed hundreds of billions in card volume since its inception.
- The company acquired Bridge for $1.1 billion, integrating its stablecoin infrastructure into Stripe’s services.
- Stripe plans to expand its stablecoin card offerings to more than 100 countries by the end of the year.
- It partnered with Paradigm to develop Tempo, a blockchain specifically designed for payments.
- Stripe is also a founding investor in Open Standard, which is developing Open USD, a stablecoin aimed at competing with USDC and USDT.
These developments signal Stripe’s commitment to enhancing its blockchain payment capabilities by integrating various products like Bridge, Privy, and Tempo into a cohesive ecosystem without restricting users to their platform.
With plans to launch stablecoin cards in over 100 countries, Stripe aims to streamline international transactions using digital currencies while leveraging its extensive card issuance history. (Source)
