#StablecoinPayments Stripe, a global payments platform, is building a new US dollar stablecoin product for companies outside the United States, the United Kingdom, and Europe. 

The product will be built using Bridge, the stablecoin payments platform Stripe acquired in October 2024 for $1.1 billion.

Stripe Preparing To Test A New Stablecoin Product

Stripe CEO Patrick Collison announced in a X post that the company has been planning a stablecoin payments product for nearly 10 years and is now opening it up to pilot users.

The move gained traction after Stripe recently obtained regulatory approval to acquire the Bridge, a payments platform founded by former Coinbase exes Zach Abrams and Sean Yu. Bridge’s network offers an alternative to traditional banking rails like SWIFT for cross-border transactions.

Stripe developer Jen Kim revealed that the stablecoin is “ready to start testing.” During that process, the company is soliciting customer feedback. Kim noted that the product targets clients outside the US, the European Union, and the UK. In a follow-up post, Kim claimed that within the first three months of offering stablecoin services, customers from over 90 countries paid with stablecoins via an invoice or checkout.