Bernstein Affirms the Growth of Stablecoins with Stripes 11 Billion Bridge Transaction Confirmation

CoinDesk Report:
Recent Acquisition of Stablecoin Payment Platform by Stripe Confirmed at $1.1 Billion
Bernstein has stated that US payment processor Stripe has validated the increasing importance and legitimacy of stablecoins as a use case for public blockchains, particularly for global cross-border transactions.
In a report sent to Decrypt, Bernstein stated, “Stablecoins have become systemically important, currently ranking as the 18th largest holder of US government assets, on par with major sovereign holders.”
Decrypt:
The integration of stablecoins with payment and fintech platforms such as Stripe and PayPal highlights their growing relevance.
Token issuers pegged to fiat currencies typically tout tokens as a cheaper and faster way for cross-border payments, enabling users to have broader access to USD-based savings and decentralized finance (DeFi) applications.
Acquired by Stripe, Bridge provides a software platform that helps businesses integrate stablecoin payments without the complexities of managing blockchain infrastructure.
Bernstein added, “This acquisition confirms the growth of stablecoins, with digital amounts on blockchains exceeding $160 billion, settling over $1 trillion monthly.” “This transaction further underscores the growing demand for blockchain technology in global payments, especially as companies like Stripe expand into this space.”
In conversation with Decrypt, Eliia Otychenko, CEX Chief Analyst, emphasized how this acquisition aligns with Stripe’s recent foray into USD-pegged tokens.
Otychenko stated, “Stripe’s acquisition of Bridge marks its largest acquisition to date and is a natural extension of the platform’s recent move into stablecoins. Stripe now positions itself as a major player in stablecoin integration.”
Otychenko also highlighted Stripe’s growing influence in the stablecoin market. “Just a few weeks ago, Stripe integrated USDC payments and Paxos’ stablecoin platform into its main interface,” he added. “This acquisition could further strengthen Stripe’s support for third-party stablecoins or potentially lead to them issuing their own stablecoin.”
This acquisition comes after Stripe’s broader entry into cryptocurrency-related products. Earlier this year, Stripe launched fiat-to-crypto onramps in partnership with Avalanche Network and integrated Layer 2 Network Base with its payment offerings in collaboration with Coinbase.
Editor: Stacey Elliott