Stripe Expands Stablecoin Capabilities with New Money Management Service
Stripe is enhancing its stablecoin capabilities, allowing businesses to manage payments via cryptocurrency. Key developments include:
- Acquisition of stablecoin platform Bridge
- Launch of Stablecoin Financial Accounts for global payment distribution
- Comments from CEO Patrick Collison on stablecoins and AI reshaping the economy
- Focus on creating programmable financial services
- Preparation for a stablecoin payments pilot targeting companies outside major economies
Stablecoins are viewed as a stable alternative to volatile cryptocurrencies like BTC. Citi projects the stablecoin market could reach $3.7 trillion by 2030, up from approximately $242 billion currently.