TechFlow news, October 22 — According to CoinDesk, investment bank Bernstein stated in a recent research report that Stripe's acquisition of Bridge validates the utility of stablecoins on public blockchains. The report noted that with improved blockchain scalability, stablecoins have become a primary use case for blockchain technology, especially in cross-border payments. Gautam Chhugani and his analyst team at Bernstein said dollar-pegged crypto stablecoins are currently the most cost-effective method for cross-border transactions, with costs as low as 1–2 basis points.
Previous report: Stripe acquired stablecoin platform Bridge for $1.1 billion, marking the largest acquisition in the cryptocurrency space. The report emphasized that companies like Bridge play a crucial role in developing API software that enables businesses to integrate stablecoin payments into standard payment experiences. Investment bank Architect Partners stated in its October 21 report that the deal highlights growing market recognition of stablecoin-based payments and their significant advantages, noting that non-crypto companies are increasingly adopting stablecoins.
