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Payment Giant Stripe Prepares Stablecoin Launch Amid Crypto Expansion
Payment Giant Stripe Prepares Stablecoin Launch Amid Crypto Expansion
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Stripe is officially making its move into the stablecoin space, signaling a new chapter for the global payment giant. CEO Patrick Collison revealed on April 25 that the company is developing a stablecoin-based product, a project reportedly under internal discussion for nearly a decade.
The company waited for what Collison described as the right conditions to launch, avoiding a rushed entry. Early indications suggest the first phase will focus on markets outside the U.S., EU, and UK, leveraging the $1.1 billion acquisition of Bridge earlier this year. Bridge’s stablecoin infrastructure technology will underpin Stripe’s digital currency offerings, enabling faster and cheaper cross-border transactions.
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