The launch of the Stripe stablecoin account marks its transformation from a traditional payment giant to a Web3 financial infrastructure. Through technology acquisitions, compliance arrangements, and ecosystem integration, Stripe is building a global payment network that covers fiat and crypto, connecting businesses and individuals. However, regulatory risks and technical challenges still need to be continuously addressed. In the future, whether it can become the 'Visa of the Web3 era' amidst the encirclement of Visa and PayPal will depend on its vertical integration capabilities and the speed of deployment in emerging markets.