Stripe, a global leader in payment infrastructure, is entering the stablecoin market amid the ongoing growth of this sector.
On April 25, CEO Patrick Collison confirmed that the company is actively developing a stablecoin-based product, an important milestone after nearly a decade of internal discussions.
Stripe will launch a stablecoin-based product, backed by the acquisition of Bridge.
Collison revealed that Stripe has long envisioned this project but has only recently found the right environment for its implementation.
The company has not yet shared detailed information about its steps. However, plans suggest that the initial launch will target businesses outside the United States, European Union, and the United Kingdom. Stripe's entry into the stablecoin market comes shortly after a February deal worth $1.1 billion to acquire Bridge, a company specializing in stablecoin infrastructure. The Bridge technology is expected to serve as the foundation for Stripe's future initiatives in digital currencies.
This confirmation follows rising speculation regarding Stripe's interest in blockchain technologies. Stripe, which processes transactions in over 135 currencies and supports billions of dollars in global trade annually, sees stablecoins as a natural extension of its services.
The addition of a stablecoin-based product could offer businesses faster, cheaper, and more efficient ways to process cross-border transactions. The payment giant's move comes as other large fintech companies are also exploring stablecoins. Major traditional financial institutions like PayPal are already engaging with this sector, highlighting its growing momentum.
Today, the stablecoin market is dominated by major players such as Tether (USDT) and Circle (USDC).
However, industry analysts, including those at Standard Chartered, believe that the circulation of stablecoins could exceed $2 trillion by 2028, thanks to increased regulatory clarity.
In Washington, lawmakers are advancing legislation to ensure oversight and structure for the stablecoin industry.
Two key bills—the Stablecoin Transparency and Accountability Act for a Better Ledger Economy (STABLE) and the Guidance and Establishment of National Innovations for U.S. Stablecoins (GENIUS)—propose enhanced liquidity requirements and anti-money laundering standards.
These efforts are aimed at increasing trust in stablecoins issued in the U.S. and maintaining the dominance of the dollar in global finance.#BinanceSquare #Write2Earn #Binance #bignews #news $XRP
