Stripe Tests New Dollar Stablecoin-Based Product

Payment company Stripe announced the testing of a new product that will allow companies outside the U.S., EU, and U.K. to use dollar-pegged stablecoins.

Stripe, a provider of online payment solutions, introduced a new service based on dollar-pegged stablecoins. The new product will operate via Bridge, an infrastructure for integrating TradFi and cryptocurrency assets.

Stripe is inviting companies to participate in the product testing if they meet two criteria:

• registration outside the U.S., EU, and U.K.;
• interest in accessing dollar liquidity.

The primary goal of the new product is to simplify access for international companies to dollar-denominated transactions using the benefits of blockchain technology, specifically the stability and speed of stablecoin transfers.

The Bridge platform will facilitate the conversion and transfer of funds between TradFi systems and blockchain networks. This is expected to allow test participants to integrate stablecoin payments into their platforms quickly, without the need for complex infrastructure setup.

The purpose of the product testing is to collect feedback for further refinement before the full-scale launch. Companies interested in participating can submit their applications via the email provided by Stripe.

Stripe shows a strong interest in cryptocurrencies. In 2024, the company resumed support for stablecoin payments.