Stripe, led by CEO Patrick Collison, has launched a stablecoin pilot program outside the US, UK, and EU, utilizing the Bridge network acquired for $1.1 billion.

This initiative could shape stablecoin market momentum and cross-border transactions, hinting at expanding global use of blockchain payment systems.

Stripe Launches Global Stablecoin Pilot with Bridge Network

Stripe has initiated a stablecoin payments pilot targeting international markets. The effort highlights Stripe’s blockchain ambitions, utilizing the Bridge network acquired in 2024 for $1.1 billion. This move signals a strategic shift for Stripe’s payment ecosystem.

Prominent figures involved include Patrick Collison, driving development, and Zach Abrams of Bridge. The project reflects evolving blockchain infrastructure, aiming to expand the global reach of stablecoin transactions.

Experts See Stripe’s Move as Boost to Global Stablecoin Adoption

Industry insiders view Stripe’s initiative as potentially transformative for wide-scale adoption of stablecoins. The decision boosts confidence in blockchain’s role in mainstream financial systems, indicating competitive pressure on established USD-backed stablecoins.

Institutional and regulatory observers are closely watching, as Stripe’s venture could unlock substantial financial activity via stablecoin reserves. As Juan Lopez from VanEck Ventures notes:

“Stripe could unlock “$40 billion per year from yield earned from stablecoin reserves like U.S. Treasurys.”

Experts predict shifts in cross-border payment efficiencies, supported by Stripe’s extensive investment in this innovative financial mechanism.

Stripe’s Pilot Mirrors PayPal’s Successful Stablecoin Foray

Comparable events, such as PayPal’s stablecoin initiative, dramatically increased market engagement and highlighted blockchain’s utility. Stripe’s pilot echoes the industry trend towards integrating more seamless, global payment solutions.

Expert insights suggest Stripe’s move could mirror past successes like PayPal’s, potentially expanding stablecoin utilization. Analysts predict increased liquidity and infrastructure growth, reflecting on blockchain’s evolving financial role as it attracts mainstream attention.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.

The post Stripe Introduces Stablecoin Payments Pilot Excluding US-EU-UK appeared first on Kanalcoin.

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Filed under: News - @ April 26, 2025 7:22 pm