Payments giant Stripe is preparing to launch a stablecoin-based payment product, according to several social media updates.
The new initiative follows Stripe’s acquisition of Bridge, a stablecoin services firm it bought for $1.1 billion in October 2024.
Stripe CEO Patrick Collison shared on X that the company had been eager to build a stablecoin product for more than a decade. Now, that vision is finally becoming a reality.
Stripe developer Jen Kim confirmed that the product is “ready to start testing,” with the company actively gathering feedback from early users.
Although full details remain scarce, Kim indicated that Stripe is initially targeting customers outside the United States, European Union, and United Kingdom.
Kim added that within the first three months of offering stablecoin services, Stripe processed payments from users across more than 90 countries via invoices and checkout platforms.
By integrating stablecoins, Stripe aims to boost its reach in regions where banking access remains limited but crypto adoption is accelerating.
The move also fits the growing demand for faster, cheaper, and borderless global payment solutions. Stablecoins offer a promising bridge between traditional finance and the crypto economy — a bridge Stripe now plans to lead.
Coinbase has announced a major partnership with JPMorgan Chase, the largest U.S. bank, aimed at expanding access to cryptocurrencies for over 80 million Chase customers.
Global fintech firm FIS (NYSE: FIS) has entered into a new strategic partnership with a subsidiary of Circle Internet Group, Inc. (NYSE: CRCL) to bring USDC payment capabilities to U.S. financial institutions.
PayPal has launched a new service, Pay with Crypto, aimed at reducing the high costs and complexity of cross-border payments for merchants.
Goldman Sachs and BNY are set to unveil a groundbreaking blockchain initiative that will allow institutional investors to purchase tokenized shares of money market funds, according to CNBC.