Stablecoins are gaining adoption as firms feel more comfortable with a legal landscape that is increasingly accommodating to crypto.
Stripe News
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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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Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.
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Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
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The deal would mark one of Stripe’s largest acquisitions and fulfill its CEO's promise to support stablecoin payments earlier this year.
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Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.
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Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.
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Stripe introduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand.
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Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced its $200 million acquisition of the exchange.
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Ripple’s significant donation to Deaton highlights the growing influence of blockchain in politics amid SEC scrutiny.
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Stripe has expanded its cryptocurrency integration in the European market, allowing EU clients to purchase cryptocurrencies using their credit or debit cards.
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The partnership will bring USDC support to Stripe on Coinbase’s layer-2 network, Base, and several other integrations.
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This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.
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