Stripe Tests New Stablecoin Project as $3.7T Market Looms
Stripe is venturing into the stablecoin arena with a pilot project targeting businesses outside the U.S., UK, and EU. CEO Patrick Collison revealed the decade-long planning behind this move, now opening to select users. The initiative follows Stripe’s regulatory approval to acquire Bridge, a payments platform co-founded by ex-Coinbase executives, offering an alternative to SWIFT for cross-border transactions.
The timing aligns with a surge in institutional interest, from crypto-native firms to traditional finance giants. Citi’s recent comparison of stablecoins to "ChatGPT" underscores their transformative potential in global payments. As the sector heats up, Stripe’s entry signals growing mainstream acceptance of blockchain-based settlement solutions.
