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Stripe Tests New Stablecoin Project as $3.7T Market Looms

Altszn.com by Altszn.com
April 29, 2025
in Web3
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Stripe Tests New Stablecoin Project as $3.7T Market Looms
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Stripe is preparing to test a new stablecoin payments product aimed at companies based outside the United States, the United Kingdom, and the European Union.

The companyโ€™s CEO, Patrick Collison, confirmed on social media that Stripe had been planning this offering for nearly a decade and is now opening it up to pilot users.

The announcement comes after Stripe received regulatory approval to acquire Bridge, a payments platform founded by former Coinbase executives Zach Abrams and Sean Yu. Bridgeโ€™s infrastructure offers an alternative to traditional systems like SWIFT for cross-border transactions.

Stripeโ€™s stablecoin pilot project comes at a time when companies ranging from crypto firms to TradFi banks are piling into the industry, trying to grab a piece of the red-hot sector. In fact, Citi said stablecoins could be a โ€œChatGPTโ€ moment for blockchain adoption, and the market, primarily pegged to the U.S. dollar, could grow up to $3.7 trillion by 2030 with regulatory support.

Stripe has a long history with crypto. It was the first major payment processor to support bitcoin payments back in 2014, though it later dropped the feature over BTCโ€™s slow transaction speeds and fees.

Read more: Stablecoins Are a โ€˜WhatsApp Momentโ€™ for Money Transfers, a16z Says





Read More: www.coindesk.com

Tags: 3.7TloomsMarketProjectstablecoinStripeTestsweb 3.0Web3
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