The Giant Giant Stripe generates its own stablecoin and plans to start the test as soon as possible.
Jennifer Lee, a product manager for Stripe Crypto, announced The news on Friday, asking companies outside the US to reach if they were “interested in accessing dollars.”
Lee says the owner is enabled by the bridge, a stablecoin startup stripe obtained In February.
Patrick Collison, Chief Executive of Stripe, Says His firm has “wanted to develop this product for a decade.” Earlier this year, he and his brother John Collison, Stripe's co-founders, wrote in the company's annual letter that Stablecoins represented the future of money.
“Improvements in the basic use of money make the economies more prosperous. Consider transfers from coins to banknotes, from gold standard to fiat currency, and from paper instruments to electronic payments. Stablecoins are a new branch of money. Such transitions occur with some regularity in centuries, and the effects have a huge and possibilities.”
Stripe was re -formed in the crypto sector in October when it rolled support for USDC communities in Ethereum (ETH), Solana (SOL), and Polygon (POL) blockchains.
Giant payments have previously enabled payments made using Bitcoin (BTC) until 2018, when the firm stopped its support, citing BTC's lack of utility as a payment railroad.
The development of Stablecoin is materialize as Stripe continues to grow, with the total amount of company paying for $ 1.4 trillion in 2024, a 38% year-to-year increase. That total represents 1.3% of the total gross domestic product (GDP) worldwide, per a Press release from the company.
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