Payments giant Stripe is preparing to roll out a new stablecoin-based payment product, according to multiple social media posts.
The initiative builds on Stripe’s acquisition of Bridge, a stablecoin services firm it purchased in October 2024 for $1.1 billion.
Stripe CEO Patrick Collison shared on X that the company had wanted to develop such a product for over a decade, and now the vision is finally becoming reality.
Targeting Global Markets Beyond the US and EU
Stripe developer Jen Kim confirmed that the stablecoin product is “ready to start testing” and that the company is actively gathering feedback from early users. Although specific product details remain limited, Kim suggested that Stripe is targeting customers outside of the United States, European Union, and the United Kingdom.
Kim also revealed that within the first three months of offering stablecoin services, Stripe’s platform facilitated stablecoin payments from users across more than 90 countries via invoices and checkout services.
Expanding Stripe’s Global Payments Reach
This move could significantly expand Stripe’s reach in regions where traditional banking infrastructure is limited but crypto adoption is growing. The company’s strategic focus on stablecoins aligns with rising demand for faster, cheaper, and more accessible global payment solutions.
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Source: https://coindoo.com/stripe-set-to-launch-stablecoin-payment-product-after-bridge-acquisition/