TechFlow, May 5 — According to Cointelegraph, Stripe CEO Patrick Collison announced the company is developing a dollar-pegged stablecoin product primarily targeting markets outside the United States.
Previously, in October 2024, Stripe received approval to acquire Bridge, a stablecoin payments network, for $1 billion, completing the acquisition in February 2025. Bridge was founded in 2022 by two former Coinbase executives, Zach Abrams and Sean Yu, and primarily competes with the SWIFT global payment system.
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