Stripe is preparing to test a new stableCOin payment product aimed at companies based outside the United States, the United Kingdom and the European Union.
The company’s CEO, Patrick Collison, confirmed on social media that Stripe had planned this offer for almost a decade and now it opens to pilot users.
The message comes after Stripe received regulatory approval for the Acquire Bridge, a payment platform founded by former Coinbase leaders Zach Abrams and Sean Yu. Bridge’s infrastructure offers an alternative to traditional systems such as Swift to cross -border transactions.
Stripe’s stableecoin pilot project is coming at a time when companies ranging from cryptic companies to Tradfi Banks are hanging into the industry and trying to get a piece of the red-hot sector. In fact, Citi said StableCecoins could be a “chatgpt” moment for blockchain resolution, and the market, primarily linked to the US dollar, could grow up to $ 3.7 trillion by 2030 with regulatory support.
Stripe has a long history of crypto. It was the first major payment processor to support Bitcoin payments back in 2014, although it later dropped the function over BTC’s slow transaction speeds and fees.
Read More: StableCeOins is a ‘WhatsApp moment’ for money transfers, A16Z says
