Stripe Tests New US Dollar Stablecoin Product to Expand Global Crypto Reach

Stripe, a major global payments platform, has initiated testing for a groundbreaking US dollar stablecoin product targeted at companies outside the United States, the United Kingdom, and Europe. This move comes after the company received regulatory approval to acquire Bridge, a stablecoin payments network that competes with traditional banking systems using SWIFT technology. Stripe’s CEO, Patrick Collison, confirmed the initiative on social media by inviting companies to participate in testing the new solution. The announcement follows a series of crypto-related initiatives by Stripe, including its 2014 Bitcoin integration and a revived crypto team since 2021. The company previously launched a stablecoin payment option in October 2024, which was adopted in over 70 countries on its first day, and further expanded its offerings by partnering with Coinbase in June 2024 for fiat-to-crypto conversions. In this evolving landscape, the growing stablecoin market—currently valued at $237.5 billion—continues to attract attention from regulators and major industry players, including PayPal, which launched its own stablecoin in 2023. The broader crypto ecosystem, including payment networks and traditional financial systems, is closely watching these developments as new digital payment solutions alter competitive dynamics.