PAYMENTS GIANT STRIPE BUILDING 'NEW STABLECOIN PRODUCT'

Summary from the TLDR Crypto newsletter

Stripe is developing a stablecoin-based payment product built on Bridge, the API-driven stablecoin infrastructure it acquired for $1.1 billion in October 2024. The company has begun testing the product with clients across more than 90 countries, specifically targeting markets outside the US, EU, and UK—regions where traditional card networks are less effective and challenges around treasury management, remittances, and currency stability persist.