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.
Leading crypto exchange Coinbase (COIN) is set to launch perpetual-style futures contracts in the United States starting July 21, becoming one of the first regulated entities to offer a product that closely mirrors globally popular offshore perpetuals.
Zero-commission brokerage Robinhood has expanded its cryptocurrency futures offerings by launching micro futures contracts for XRP, Solana (SOL), and Bitcoin (BTC).
In a landmark move for the city’s digital asset strategy, GF Securities (Hong Kong) has become the first securities firm in Hong Kong to issue tokenized securities fully on-chain via HashKey Chain.
Stablecoins are failing where it matters most, says the Bank for International Settlements (BIS), which sharply criticized the asset class in its latest annual report.