News
The new platform lands amid a wave of fintech adoption of stablecoins for global transfers, payouts and onchain settlement.
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Stripe News
Stripe is an American technology company developing solutions for operating and processing online payments. The Stripe company was founded by the Collison brothers — Patrick and John — in 2011. The Stripe payment application is also available for mobile devices. Stripe’s Bitcoin involvement started in 2014, when the company experimented with the support of Bitcoin for the first time. In 2015, it was announced that Stripe would be accepting Bitcoin, so users could perform payments and money transfers using cryptocurrency in the same way as using fiat currencies. Stripe’s instant payouts and low fees have gained popularity among its users. However, in 2018, after three years of working with cryptocurrency, the company announced that it is officially winding down its integration with Bitcoin. Stripe founders and partners believe that Bitcoin works much better as an asset.
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The Nasdaq-listed company will acquire $100 million in OOB tokens and oversee the digital treasury of OOBIT, a crypto payments company backed by Tether and Solana’s co-founder.
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Tempo leads an investment round in startup Commonware to advance blockchain infrastructure for real-world payments.
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The potential acquisition would mark one of Mastercard’s largest crypto bets yet, expanding its stablecoin and tokenization infrastructure amid growing competition.
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Corporate giants are building their own L1s, shifting blockchain from neutral infrastructure to strategic moats with regulatory advantages.
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Led by Thrive Capital and Greenoaks, the raise comes less than two months after Stripe unveiled its layer-1 blockchain for stablecoin and real-world payments.
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Feist, who is one of the Ethereum Foundation's key researchers, said that Tempo and Ethereum share similar values and "complement" each other.
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Bullish’s crypto trading services are now on offer across 20 US states after receiving regulatory approval from New York’s financial regulator last month.
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Stripe’s new “Open Issuance” tool will enable companies to easily build and launch their own stablecoins, as well as manage the token’s reserves.
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MoonPay, Agora, Paxos, Frax and others are challenging Stripe’s Bridge proposal to issue Hyperliquid’s USDH stablecoin, pushing for community rewards.
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Stripe CEO Patrick Collison cited Solana’s TPS to justify a new layer 1, which prompted Helius Labs’ CEO to call his claim “wrong on several dimensions.”
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Stripe and Fireblocks networks will go up against crypto-native players such as Ripple and Stellar, as well as established global processors like Visa.
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Google Cloud’s Web3 head used a LinkedIn post to brand the company’s upcoming Universal Ledger as a neutral blockchain for financial institutions.
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PayPal is rolling out a new crypto payment tool that will allow US merchants to receive payments with more than 100 cryptocurrencies.
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Stablecoins are now the “default settlement layer for the internet,” surpassing Visa and Mastercard in onchain transaction volume.
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