Global payment giant Stripe recently announced that it is opening test applications for a new stablecoin product. This new service will be technically supported by the recently acquired Bridge payment network, marking a new phase of Stripe's ambitions in the blockchain field. The product is designed for enterprises outside the United States, United Kingdom, and Europe, and is expected to further expand the global influence of the US dollar.
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ToggleLong-term Plan Finally Realized! Stripe Promotes Stablecoin Payment Services
Stripe CEO Patrick Collison recently confirmed that the company is recruiting test partners for a new US dollar stablecoin product. He emphasized that this product is a plan Stripe has "wanted to build for ten years" and has finally been realized through the acquisition of the Bridge network.
Bridge is a network platform focused on stablecoin payments, founded in 2022 by former Coinbase executives Zach Abrams and Sean Yu. Bridge's goal is to compete with traditional banking systems, especially institutions relying on the SWIFT global financial messaging network, by providing faster and lower-cost cross-border payment solutions.
(Stripe Discusses Acquiring Stablecoin Startup Bridge to Expand Crypto Payment Landscape)
From Bitcoin to Stablecoin, Stripe's Cryptocurrency Roadmap
Stripe is not new to the crypto field. As early as 2014, Stripe became the first large payment platform to integrate BTC payments. However, due to slow transaction speeds and high fees at the time, Stripe ultimately stopped support in 2018.
By 2021, with changing market conditions, Stripe restarted its cryptocurrency department and launched stablecoin payment features in October 2024, receiving a warm response in over 70 countries. Subsequently, in June of the same year, Stripe partnered with Coinbase to provide fiat-to-crypto conversion services, continuing to deepen its crypto payment layout.
Stablecoin Market Heats Up, Corporate Giants Enter the Market
Stablecoins are designed to be pegged to fiat currencies like the US dollar to maintain price stability. In recent years, as global understanding of cryptocurrencies deepens, officials like Federal Reserve Chairman Jerome Powell have begun calling for specific legislation on stablecoins.
(Ripple Stablecoin RLUSD Officially Launches!)
Payment giant PayPal launched its own stablecoin as early as 2023 and recently announced that it will provide returns for stablecoin holders, indicating that stablecoins are gradually becoming an important strategic area for mainstream financial institutions. According to defillama data, as of April 25, 2025, the global stablecoin market capitalization has reached $237.5 billion, showing continued strong market demand.
Risk Warning
Cryptocurrency investment carries high risks, and its price may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.
