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Stripe says stablecoin adoption soars despite 'crypto winter'

CoinDesk
Stripe's stablecoin platform, Bridge, saw transaction volume quadruple as stablecoin utility insulates adoption from the broader crypto downturn.

Summary

Stripe reported that its stablecoin orchestration platform, Bridge, acquired in 2024, experienced a quadrupling of transaction volume throughout the previous year, indicating that stablecoin adoption is decoupling from volatile crypto market cycles. Despite Bitcoin's decline, stablecoin payment volume doubled to approximately $400 billion, with about 60% stemming from business-to-business transactions, highlighting their growing real-world utility for cross-border transfers and programmable payments. Furthermore, Stripe plans to soon launch the mainnet of Tempo, its payments-focused blockchain, and noted that Meta is also planning to launch its own stablecoin.

(Source:CoinDesk)