News
MoonPay, Agora, Paxos, Frax and others are challenging Stripe’s Bridge proposal to issue Hyperliquid’s USDH stablecoin, pushing for community rewards.
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Stripe News
Stripe is an American technology company developing solutions for operating and processing online payments. The Stripe company was founded by the Collison brothers — Patrick and John — in 2011. The Stripe payment application is also available for mobile devices. Stripe’s Bitcoin involvement started in 2014, when the company experimented with the support of Bitcoin for the first time. In 2015, it was announced that Stripe would be accepting Bitcoin, so users could perform payments and money transfers using cryptocurrency in the same way as using fiat currencies. Stripe’s instant payouts and low fees have gained popularity among its users. However, in 2018, after three years of working with cryptocurrency, the company announced that it is officially winding down its integration with Bitcoin. Stripe founders and partners believe that Bitcoin works much better as an asset.
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Stripe CEO Patrick Collison cited Solana’s TPS to justify a new layer 1, which prompted Helius Labs’ CEO to call his claim “wrong on several dimensions.”
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Stripe and Fireblocks networks will go up against crypto-native players such as Ripple and Stellar, as well as established global processors like Visa.
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Google Cloud’s Web3 head used a LinkedIn post to brand the company’s upcoming Universal Ledger as a neutral blockchain for financial institutions.
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PayPal is rolling out a new crypto payment tool that will allow US merchants to receive payments with more than 100 cryptocurrencies.
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Stablecoins are now the “default settlement layer for the internet,” surpassing Visa and Mastercard in onchain transaction volume.
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Shopify is rolling out USDC payments via Coinbase’s Base network, offering cashback perks and expanding crypto checkout options through Shopify Payments.
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The acquisition of Privy follows Stripe’s entry into the stablecoin market in 2024.
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Stripe’s president confirms growing interest in stablecoins from banks, but adoption would still require more green lights from regulators.
5384 - Explained
With protocols like Coinbase x402, HTTP 402 is being revived to enable native, programmable payments over the web using stablecoins like USDC.
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Stablecoin demand is on the rise, with market capitalization surpassing $231 billion in May 2025.
7887 - Analysis
Stablecoins are gaining adoption as firms feel more comfortable with a legal landscape that is increasingly accommodating to crypto.
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Bridge, Stripe’s stablecoin payments network, will power the company’s new product — something it says it has wanted to build for nearly a decade.
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Stablecoins have ballooned into a $230-billion industry, which is equivalent to more than 1% of the US money supply.
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The Utopia Labs team will join the Base network to accelerate Coinbase Wallet's on-chain payments buildout.
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