The Stripe payments giant is developing its own stablecoin and plans to start testing the assets soon.
Jennifer Lee, product manager for Stripe Crypto, announced the news on Friday, asking companies outside the United States to contact if they were “interested in access to a dollar”.
Lee says that the asset will be propelled by Bridge, a Stablecoin start -up band acquired in February.
Patrick Collison, CEO of Stripe, said that his business “wanted to build this product for about a decade”. Earlier this year, he and his brother John Collison, the co-founders of Stripe, wrote in the annual letter of the company that the stablecoins represent the future of money.
“Improvements of the basic conviviality of money make savings more prosperous. Consider the transitions of parts to banknotes, from the gold stallion to the fiduciary currency, and from paper instruments to electronic payments. The floors are a new branch of the silver shaft. Such transitions occur with a certain regularity over the centuries, and the effects tend to be important. ”
Stripe reappeared in the crypto sector last October when he deployed the support for the USDC colonies on Ethereum (ETH), Solana (soil) and Polygon (POL) blockchains.
The payments giant previously allowed the payments made using Bitcoin (BTC) until 2018, when the company interrupted its support, citing the lack of usefulness of BTC as a payment rail.
The development of Stablecoin materializes as Stripe continues to grow, the total volume of payment of the company going to 1.4 billion of dollars in 2024, an increase of 38% in annual sliding. This total represents 1.3% of the total gross domestic product (GDP) in the world, according to a press release from the company.
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