Payment giant Stripe launches new stablecoin product testing, having previously completed the acquisition of Bridge

Global payments platform Stripe is developing a new dollar stablecoin product for businesses outside the United States, United Kingdom and Europe, a move that could further expand the dollar's influence around the world.

Stripe CEO Patrick Collison confirmed the product on the X platform and issued an invitation to seek companies interested in testing the solution. The development comes as Stripe recently received regulatory approval to successfully acquire the stablecoin payment network Bridge.

Bridge's payment network competes with banks and companies that use the SWIFT system. SWIFT is a global financial telecommunications network responsible for international wire transfers. The company was co-founded in 2022 by two former Coinbase executives, Zach Abrams and Sean Yu.

Stablecoin adoption continues to rise in 2025

Payment giant Stripe has a deep connection with cryptocurrencies - as early as 2014, it became the first mainstream payment processor to integrate Bitcoin (BTC), but later suspended support due to issues such as slow Bitcoin transfers and high fees.

In 2021, the company reorganized its crypto team and restarted its layout in the digital asset field. Recently, Stripe has significantly accelerated this process: in October 2024, it launched a stablecoin payment function, covering more than 70 countries on the first day; in June of the same year, it cooperated with Coinbase to launch a fiat-cryptocurrency exchange service.

CEO Patrick Collison emphasized on the X platform that the latest encryption plan is a strategic project that the company has been "brewing for nearly ten years". Stablecoins are cryptocurrencies anchored to assets such as fiat currencies, and their value stability is highly favored.

In the United States, the US dollar stablecoin has attracted attention at the federal level, and Federal Reserve Chairman Jay Powell and other parties have called for special legislation. PayPal issued its own stablecoin in 2023 and recently announced that it will provide returns to holders.

According to DefiLlama data, as of April 25, the total market value of global stablecoins has reached US$237.5 billion.