#StablecoinPayments #StablecoinPayments

Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 parity with the dollar, are commonly used by cryptocurrency traders to transfer funds between tokens. Proponents argue that they could be used to send payments instantly, but it remains a challenge to use them for everyday purchases, as merchants typically do not accept payments in cryptocurrencies.

Bridge, which was acquired by Stripe earlier this year, will work on the back-end of the transactions that customers make with their linked Visa cards to deduct funds from a user's stablecoin balance and then convert the payment to the local currency for merchants.