Stripe, a platform for online payment processing and business operations, has announced plans to launch a new Stablecoin product powered by Bridge.
On X, the company’s CEO Patrick Collison reacted to a post, confirming that Stripe is actively developing a Stablecoin-based product, after a decade.
However, the company is yet to share in-depth details about this move. Plans suggest that the initial rollout will target businesses outside the United States, the European Union and the United Kingdom.
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Stripe foray into Stablecoins comes after the company in February this year, announced the acquisition of Bridge, the world’s leading Stablecoin orchestration platform for $1.1 billion. Bridge enables businesses to do almost anything involving stablecoins. They make stablecoin-based applications easy to deploy and scale.
Commenting on the wide use case of Stablecoins, Stripe CEO Patrick Collison during the acquisition of Bridge, said,
“Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years.”
According to reports, Stablecoin circulation has exceeded $215 billion globally as of Q1 2025, with on-chain transaction volume hitting $5.6 trillion in 2024, equivalent to 40% of Visa’s payments volume. Once confined to crypto markets, stablecoins now power real-economy transactions at scale, from remittances to merchant payments.
The stablecoin market has expanded dramatically, more than doubling from under $120 billion in early 2023 to over $215 billion in early 2025. This growth underscores that stablecoins have broken out of niche crypto trading circles and become widely used digital cash. Tether (USDT) and USD Coin (USDC) remain the giants – with ~$140B and ~$55B circulating respectively
Their role in cross-border finance is rapidly expanding, especially in emerging markets, while institutional adoption accelerates through initiatives from Visa, Stripe, and BlackRock. It is known that international money transfers have long been plagued by high fees (average ~6% for remittances) and slow settlement. Stablecoins change that dynamic by enabling near-instant, low-cost transfers of value over the internet.
Consider the transitions from coins to banknotes, from the gold standard to fiat currency, and from paper instruments to electronic payments, Stablecoins are a new branch of the money tree. This digital currency has four important properties relative to the status quo. They make money movement cheaper, they make money movement faster, they are decentralized and open access (and thus globally available from day one), and they are programmable. Everything interesting follows from these characteristics.
The speed and cost advantages that stablecoins now enjoy are recent advances in the cryptocurrency ecosystem. Beginning with the invention of modern cryptocurrency with the Bitcoin whitepaper of 2008, it has taken many years of research and patient systems engineering to make the decentralized technologies competitive with existing financial infrastructure.
The fundamentals for stablecoin adoption have only recently fallen into place, enabling the explosive growth we now see. The transaction volumes more than doubled and has now reached between Q4 2023 and Q4 2024, and the number of monthly active stablecoin wallets has 40 million.
Looking Ahead
Stripe’s stablecoin product positions it to compete with market leaders like Tether (USDT) and Circle (USDC), as well as emerging players like PayPal’s PYUSD. The Bridge acquisition accelerates Stripe’s entry, bypassing years of development and regulatory navigation.
By offering a stablecoin solution, Stripe can capture yield from stablecoin reserves and attract businesses seeking innovative payment options. As the stablecoin market grows toward $3.7 trillion by 2030, Stripe’s strategic move could cement its leadership in the next wave of financial innovation.