Stripe CEO Patrick Collison announces native stablecoin for the payment app

Stripe, a rapidly growing payment app, is testing its native stablecoin. CEO Patrick Collison announced that the stablecoin idea has been in his mind for a decade. CEO Patrick Collison announced the payment app will add a native stablecoin. He added that the idea for a stablecoin has been in consideration for almost a decade, but the moment for a launch has come. Collison posted on X, revealing his company’s plans for a globally accessible stablecoin. We’ve wanted to build this product for around a decade, and it’s now happening. https://t.co/zK9dADvGhG — Patrick Collison (@patrickc) April 25, 2025 The new stablecoin is yet to determine its parameters, but it may help with dollarized liquidity. Stripe’s offer may be available for markets outside the USA, the EU and the UK. Those regions are hard to access even for fintech apps, due to banking limitations. Stripe is also targeting not just end users, but businesses. The company is now exploring the stablecoin parameters that would allow it to build its native stablecoin. The launch may happen during a period of general stablecoin expansion, with over $234B already in circulation. Stripe returned to crypto at the end of 2024, after adding USDC to its platform. The announcement comes just as PayPal is trying to supercharge its PyUSD with a passive yield offer. Tether, on its part, is trying to break out into fintech apps, integrating its USDT stablecoin into multiple payment tools. Stablecoin will be tested on Bridge Network The new stablecoin will use the infrastructure of Bridge Network, which Stripe acquired at the end of 2024. The Bridge Network acquisition for $1.1B was finalized in February, setting up a native infrastructure for the payment firm. Bridge Network is an already working platform offering safe payment gateways between fiat and stablecoins. The payment channels specifically target the needs of large businesses, including SpaceX and the Dollar App for remittances. A native stablecoin by Stripe would further simplify those payment tools. Stripe is already available in 46 countries and territories, supplying services to over 1.38M websites. It is the payment app of choice for 3.9% of the top 1M websites and services. Company statistics show half of the Fortune 100 companies now use Stripe, opening both a consumer and a B2B market for the new stablecoin. Stripe fulfills its plan to expand into stablecoins Stripe has previously stated its plans to invest in stablecoin research and catch up with the latest payment trends. The company has been planning the expansion after a highly successful performance in 2024. Stripe is turning into a more widely adopted payment gateway, growing its total payment volume to $1.4T in 2024. The app expanded its transaction volume by 38% for the whole of 2024. Stablecoins are growing in influence, replacing other crypto coins and tokens for their reliable pricing. Fintech apps have expanded into stablecoins by offering a more intuitive experience and safeguards against loss. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Source: Cryptopolitan