Stripe is preparing to launch a new US dollar stablecoin product aimed at businesses outside the United States, United Kingdom, and Europe. This move is expected to further strengthen the dollar’s global presence.
Stripe Launches Stablecoin Testing Following Bridge Acquisition
Stripe CEO Patrick Collison announced the new product on X, inviting companies to participate in early testing. This development follows Stripe’s regulatory approval to acquire Bridge, a stablecoin payments network.
Bridge, founded by former Coinbase executives Zach Abrams and Sean Yu in 2022, directly challenges banks and financial firms that rely on the SWIFT system for international money transfers. With Bridge’s infrastructure now part of its toolkit, Stripe is positioned to offer faster, more efficient cross-border payment solutions.
Stripe’s Evolving Relationship With Crypto
Stripe’s connection to cryptocurrency runs deep. In 2014, it became the first major payments processor to integrate Bitcoin (BTC). However, high transaction fees and slow processing times led Stripe to halt Bitcoin support.
Determined to re-enter the crypto space, Stripe rebuilt its crypto team in 2021. The efforts quickly paid off. By June 2024, Stripe partnered with Coinbase to offer fiat-to-crypto conversions. Later that year, it rolled out stablecoin payments, achieving adoption across more than 70 countries on launch day.
Collison shared that Stripe’s latest venture into stablecoins is a project the company has “wanted to build for around a decade,” signaling long-term commitment to innovation in digital payments.
Stablecoin Growth Continues in 2025
Stablecoins, pegged to assets like fiat currencies, are gaining serious momentum. In the United States, federal attention has grown, with Federal Reserve Chair Jerome Powell advocating for dedicated stablecoin legislation.
Major corporations are also embracing stablecoins. PayPal launched its own token in 2023 and now offers yield incentives to its holders. As of April 25, 2025, the stablecoin market cap stands at $237.5 billion, according to DefiLlama — highlighting the sector’s rapid growth and increasing relevance.
