Friday, the Specialist in Payments Stripe formalized the development of a new “Stablecoin product”. What do we know about this initiative?
Stripe in turn adopts the Stablecoin narrative
Among the crypto narratives that are on the rise, the stablecoins have an almost constant increase, with a capitalization of more than $ 240 billion. While more and more actors, and not necessarily crypto-native, deploy their own initiative, It is now Stripe's turn to get started.
Indeed, Jennifer Lee, the Crypto Product Manager of the Payment Giant, revealed on Friday on X that “Stripe builds a new stable product, powered by Bridge».
As a reminder, Stripe had announced the buyout of Bridge last fall, a company precisely specialized as a stable -co -like platform, whose acquisition was finalized in February.
👨🏫 What is a Stablecoin?
So, Stripe is ready to launch the first experiments And appeal to companies wishing to participate in these tests, provided that they are not based in the United States, in the European Union or in the United Kingdom.
For his part, Patrick Collison, the CEO of Stripe, salutes the accomplishment of a project old several years:
We wanted to create this product for ten years, and it is now done.
Let us underline the choice of words here, since it is indeed mentioned “Stablecoin product“, In particular by Jennifer Lee, and not”stableStrictly speaking. What is certain is that this project will be in dollars. However, it is not yet clear if these works relate to a new asset aimed at competing with the giants of the sector, or if it is services around existing stablecoins.
🔎 Which stablecoin dollar to choose?
As a reminder, Stripe has allowed merchants of several countries since last October to accept payments in USDC, on Ethereum (ETH), Solana (Sol) and Polygon (POL) blockchains.
Make your Stablecoins grow with MERIA
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Source: X
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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