Stripe: Stablecoins are one of the most innovative areas in the "Internet economy"
Payment company Stripe's total transaction volume will reach $1.4 trillion in 2024, the company said in its annual letter released on Thursday, stating that stablecoins are one of the most innovative areas of the "internet economy". In October last year, Stripe spent $1.1 billion to acquire stablecoin startup Bridge. In the annual letter, co-founders Patrick and John Collison pointed out that stablecoins represent an "improvement" in "basic usability of money", just like paper money is an advancement from coins. The founders of Stripe wrote: "Compared with the status quo, stablecoins have four important characteristics. They make funds flow cheaper and faster; they are decentralized and open (thus can be used globally from day one), and they are programmable."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreCrypto prices
More








