Stripe, a payments processing company, is reportedly negotiating to acquire the stablecoin platform Bridge, though the deal remains unfinalized. This move comes as Stripe prepares to re-enter the digital asset sector after six years, with co-founder John Collison indicating that the company will offer stablecoin services for the first time since that hiatus. Earlier in 2024, Stripe and Coinbase partnered to facilitate stablecoin transactions with near-instant settlement times, targeting clients in over 150 countries. Following the integration of the US Dollar Coin (USDC), over 70 countries participated in stablecoin transactions in just the first day. This service particularly benefits individuals involved in cross-border transactions, reducing high fees typically associated with remittances. Furthermore, Paxos announced its new platform for stablecoin services, with Stripe as the first payment processor to integrate its application programming interface (API), emphasizing the growing demand for stablecoins globally.

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