The payments giant Stripe is developing its own stablecoin and plans to start testing the asset soon.
Jennifer Lee, a product manager for Stripe Crypto, announced the news on Friday, asking companies outside the US to reach out if they were “interested in dollar access.”
Lee says the asset will be powered by Bridge, a stablecoin startup Stripe acquired in February.
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Patrick Collison, Stripe’s chief executive, says his firm has “wanted to build this product for around a decade.” Earlier this year, he and his brother John Collison, the Stripe co-founders, wrote in the firm’s annual letter that stablecoins represent the future of money.
“Improvements to the basic usability of money make economies more prosperous. Consider the transitions from coins to banknotes, from the gold
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