The stablecoin ecosystem just gained a powerful new player. With its $1.1 billion acquisition of crypto infrastructure startup Bridge, Stripe is laying the groundwork for what could become a decentralized backbone for global payments. The deal was announced in October 2024 and finalized in early February 2025. Stripe’s largest acquisition to date marks a decisive entry into the stablecoin arena.
Unlike many traditional fintechs waiting for regulatory clarity in major Western markets, Stripe is pressing forward with real-world deployment. Post-acquisition, the company began testing a stablecoin-based payment product built on Bridge’s infrastructure. It explicitly targets businesses outside the U.S., EU, and UK.
Bridge’s Infrastructure: Building Global Pipes for Stablecoins
Founded in 2022 by a team of former Coinbase and Square engineers, Bridge developed a robust API platform for stablecoin transactions. Its technology simplifies how businesses send, receive, and convert digital dollars. It’s an alternative to expensive, slow, and often unreliable cross-border payment rails.
Stripe is now integrating this technology into its existing product suite. The goal isn’t to disrupt traditional payments with volatility-prone tokens. Instead, it’s to quietly embed stablecoin support into the backend of global commerce. Developers get tools, businesses get faster settlements, and users never need to interact directly with crypto.
Visa Partnership Brings Real-World Utility to Stablecoins
Two months after completing the acquisition, Stripe and Bridge launched their first live use case: stablecoin-linked Visa payment cards in Latin America. These cards allow users to spend stablecoins like USDC for everyday purchases, while the backend system seamlessly handles the conversion to local fiat currencies.
The service launched in six countries — Argentina, Colombia, Ecuador, Mexico, Peru, and Chile — where local inflation, limited banking and payment infrastructure, and high remittance fees make stablecoins a practical solution. More regions are expected to follow as the platform scales, with expansions already planned for Africa and Asia.
Infrastructure, Not Speculation
What sets Stripe’s approach apart is its refusal to treat stablecoins as speculative assets. There’s no token launch, no liquidity mining scheme, and no attempt to build a branded coin. Instead, the focus is on infrastructure, creating the APIs, developer platforms, and financial integrations needed to make stablecoins function like traditional money, just faster and cheaper.
For Stripe, the Bridge acquisition wasn’t about entering “crypto.” It was about building the next layer of global payments – one that bypasses outdated correspondent banking systems and moves funds in seconds instead of days.
Global Ambition, Local Execution
Notably, Stripe has made a strategic decision to deploy its stablecoin platform in regions where financial services are often inefficient or inaccessible; and where regulation is less of a bottleneck. By starting outside the U.S., EU, and UK, Stripe is able to move quickly. It can test in the real world, and optimize its infrastructure before entering more heavily regulated markets.
The company is not operating in a legal vacuum – it’s simply choosing jurisdictions where it can deploy practical solutions today. This calculated rollout strategy reflects a broader shift in fintech: build first, comply globally when the time is right.
Stripe’s New Backbone for Payments
Stripe’s acquisition of Bridge represents a new phase in the evolution of digital payments. Rather than waiting for stablecoins to be regulated into existence, Stripe is deploying them as infrastructure. Invisible to the end user, but transformative beneath the surface.
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This isn’t about replacing fiat, or disrupting central banks. It’s about giving businesses and users a faster, cheaper, programmable alternative to the legacy rails of global finance. Stablecoins, once seen as niche, are now becoming a core layer of the financial stack. And Stripe, quietly but decisively, is building the backbone.
Readers’ frequently asked questions
What exactly are stablecoins, and how are they different from other cryptocurrencies like Bitcoin?
Stablecoins are digital currencies that are pegged to a stable asset, most commonly the US dollar. This peg means that one unit of a stablecoin, like USDC or USDT, is always intended to be worth exactly $1. This is very different from cryptocurrencies like Bitcoin or Ethereum, whose prices fluctuate based on market demand and speculation. The stability of stablecoins makes them more useful for payments, especially across borders, because the value doesn’t swing during the transaction. This stability is what Stripe is leveraging to make global payments faster and cheaper, without the volatility risk normally associated with crypto.
Are stablecoin payments safe and legal to use in countries where Stripe is launching these services?
Yes, in the countries where Stripe is launching its stablecoin payment services, including Argentina, Colombia, and Mexico, the use of stablecoins is not banned and often exists in a regulatory gray area. While not officially recognized as legal tender, stablecoins are commonly used in Latin America for remittances, savings, and international transactions due to local currency instability. Stripe and Bridge are launching their services in jurisdictions where stablecoins are legally permitted and have real user demand. Furthermore, they work with partners like Visa to ensure compliance with local financial regulations.
How are stablecoins converted into local currency when someone makes a payment with a card?
When a person makes a purchase using a stablecoin-linked card, the payment platform (in this case, powered by Bridge and Stripe) automatically converts the stablecoin into the merchant’s local currency in real time. This is done through integrated exchange services and liquidity providers that are connected to the payment infrastructure. The user doesn’t need to do anything manually. The stablecoin is deducted from their balance, converted at the current exchange rate, and the merchant receives fiat currency. This process ensures that both users and merchants interact with a familiar payment experience, even though the underlying transaction uses blockchain technology.
What Is In It For You? Action Items You Might Want to Consider
Watch for regional stablecoin adoption trends – especially in Latin America
Stripe isn’t just testing the waters – it’s going live in high-need markets with real demand for stablecoin utility. If you’re trading stablecoins like USDC or infrastructure-focused tokens, keep an eye on adoption metrics and partnerships in countries like Argentina, Mexico, and Colombia. These could become future liquidity hubs.
Reassess your exposure to crypto payment infrastructure plays
The Stripe-Bridge deal reinforces the market narrative that stablecoins are transitioning from speculation to utility. Traders should evaluate projects enabling backend payment rails. Think cross-border settlement, API gateways, and tokenized remittance systems. These are no longer theoretical, they’re becoming enterprise-grade.
Monitor regulatory moves in the U.S., but track where deployment is actually happening
While stablecoin regulation in the U.S. is still in flux, Stripe’s strategy shows that innovation is already moving offshore. Consider following the capital: where companies like Stripe are building and deploying today may offer the clearest signals for future volume, user adoption, and stablecoin velocity.
