Stripe Launches Share Repurchase at $159 Billion Valuation, Stablecoin Business Drives Growth


Payment giant Stripe announces a tender offer allowing current and former employees to sell their shares, valuing the company at $159 billion. By 2025, Stripe's platform business volume will reach $1.9 trillion, a 34% increase year-over-year.
The stablecoin business has become a key highlight. Its stablecoin orchestration platform Bridge saw trading volume increase more than fourfold last year. Last week, Stripe also obtained an OCC national bank trust license to expand its stablecoin operations. Co-founders John and Patrick Collison stated in their annual letter that, according to a McKinsey report, stablecoin payment volume doubled last year to approximately $390 billion, describing the current situation as a "stablecoin summer" following the crypto winter.
Additionally, the stablecoin-specific blockchain Tempo, jointly developed by Stripe and Paradigm, is still in the testnet phase. Visa, Nubank, and Shopify have participated in testing, with the mainnet expected to go live soon.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)