Stripe CEO Drops Crypto Bombshell: Payment Giant to Launch Native Stablecoin

Patrick Collison just flipped the payments playbook—Stripe’s diving headfirst into crypto with its own stablecoin. The fintech giant that once backed away from Bitcoin is now betting big on blockchain’s least volatile asset.

Why this matters: Stablecoins are the Trojan horses of crypto adoption. By embedding one directly into Stripe’s rails, Collison could onboard millions to digital assets without them even realizing it.

The fine print: Watch how regulators react when a $65B payments behemoth starts minting its own money—bankers will scream ’systemic risk’ while quietly building their own stablecoin projects.

Bottom line: In the race to tokenize finance, Stripe just lapped the competition. Banks? They’re still trying to figure out how to pronounce ’blockchain.’

Stablecoin will be tested on Bridge Network 

The new stablecoin will use the infrastructure of Bridge Network, which Stripe acquired at the end of 2024. The Bridge Network acquisition for $1.1B was finalized in February, setting up a native infrastructure for the payment firm. 

Bridge Network is an already working platform offering SAFE payment gateways between fiat and stablecoins. The payment channels specifically target the needs of large businesses, including SpaceX and the Dollar App for remittances. A native stablecoin by Stripe would further simplify those payment tools.

Stripe is already available in 46 countries and territories, supplying services to over 1.38M websites. It is the payment app of choice for 3.9% of the top 1M websites and services. Company statistics show half of the Fortune 100 companies now use Stripe, opening both a consumer and a B2B market for the new stablecoin.

Stripe fulfills its plan to expand into stablecoins

Stripe has previously stated its plans to invest in stablecoin research and catch up with the latest payment trends. The company has been planning the expansion after a highly successful performance in 2024. 

Stripe is turning into a more widely adopted payment gateway, growing its total payment volume to $1.4T in 2024. The app expanded its transaction volume by 38% for the whole of 2024. 

Stablecoins are growing in influence, replacing other crypto coins and tokens for their reliable pricing. Fintech apps have expanded into stablecoins by offering a more intuitive experience and safeguards against loss. 

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