Stripe is preparing to test a new stablecoin payment product for companies based outside the United States, the United Kingdom and the European Union.
The CEO of the company, Patrick Collison, confirmed on social networks that Stripe had been planning this offer for almost a decade and has now opened it to pilot users.
The announcement comes after Stripe received regulatory approval to acquire Bridge, a payment platform founded by former Coinbase leaders Zach Abrams and Sean Yu. Bridge infrastructure offers an alternative to traditional systems like SWIFT for cross-border transactions.
Stablecoin’s Pilot Project of Stripe arrives at a time when companies ranging from cryptographic companies to Tradfi banks accumulate in the industry, trying to grasp a piece of the red -heated sector. In fact, Citi said that stablecoins could be a “chatgpt” moment for the adoption of the blockchain, and that the market, mainly fixed to the US dollar, could reach 3.7 billions of dollars by 2030 with regulatory support.
Stripe has a long story with crypto. He was the first major payment processor to support Bitcoin payments in 2014, although he then abandoned the functionality compared to BTC speeds and transaction costs.
Read more: Stablecoins are a “WhatsApp time” for money transfers, says A16z
