Stripe to Test Its Own Stablecoin Powered by Bridge
- Stripe is developing a stablecoin and plans to start testing it soon.
- The stablecoin will be powered by Bridge, a startup acquired by Stripe in February.
- Patrick Collison, Stripe’s CEO, stated the company has aimed to build this product for around a decade.
- Stripe reentered the crypto sector last October with USDC settlements on Ethereum, Solana, and Polygon blockchains.
- The company’s total payment volume is projected to reach $1.4 trillion in 2024, marking a 38% year-on-year increase.
Stripe is set to test its stablecoin initiative using technology from Bridge. This move follows the company’s recent expansion into crypto settlements and an anticipated growth in payment volume.
Source (2.6)https://dailyhodl.com/2025/04/26/payments-giant-stripe-announces-plans-to-start-testing-its-own-stablecoin/?rand=59076
