Stripe opens the test for the new Stablecoin product following the acquisition of the bridge
Stripe, a global payment platform, is building a new US dollar stablecoin product for companies based outside the United States, the United Kingdom and Europe in a step that could further expand the trace of dollars worldwide.
Stripe CEO Patrick Collison confirmed the product on X, posting an invitation for interested companies to try the solution. Moving has gained traction after Stripe recently received approved regulation to get The Stablecoin Payments network bridge.
The Bridge network competes with banks and companies using the Swift System, a global financial messaging network that facilitates international wire transfers. Two former Coinbase executives Zach Abrams and Sean Yu, who established the company in 2022.
Related: Formerly Square, Coinbase Execs raised $ 58m for Bridge Stablecoin Network
Stablecoin adoption grows in 2025
Stripe has a long history with crypto, which became the first major payment processor to combine Bitcoin (BTC) in 2014. However, support was not stopped due to the long time of moving bitcoin and high transaction fees. The company began the rebuild of its crypto team in 2021 as part of a modified space pushing.
Stripe recently accelerated that push. In October 2024, the company introduced a stablecoin payment option, which users adopted in more than 70 countries On the first day of the controlling. In June of that year, Stripe Partnership with Coinbase to offer Fiat-to-Crypto conversions. Collison noted in X that the latest Stripe’s crypto initiative is something that the company has “wanted to build for a decade.”
Stablecoins are cryptocurrencies designed to maintain a stable value by being peg in property -owners like fiat currencies. In the United States, USD -supported supports are increasingly drawn to federal levels, with figures such as the US Federal Reserve Chair Jerome Powell calling for dedicated law. Paypal launched its own stablecoin in 2023 and recently announced that it will start offers yield to holders of its token.
Until April 25th, the Stablecoin Market Cap stands at $ 237.5 billion, According to In Defillama.
Magazine: Payments in Bitcoin are being destroyed by centralized stablecoins
