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.
Ripple’s David Schwartz has offered fresh insight into the evolving role of the XRP Ledger, signaling a shift from simple crypto transactions toward building a full-spectrum financial infrastructure.
Stripe is exploring how stablecoins could reshape banking services, as the payment giant reportedly held preliminary discussions with financial institutions eager to tap into blockchain-based digital dollars.
Global banking heavyweight Banco Santander is quietly laying the groundwork to enter the stablecoin space, eyeing fiat-pegged digital tokens as part of a broader strategy to offer crypto services to retail clients.
Crypto exchange Bitget has introduced a new investment product, BGUSD, a yield-generating stable asset tied to real-world financial instruments like U.S. Treasury bills and top-tier money market funds.