Stripe's acquisition of Bridge for $1.1 billion confirms the growing role of stablecoins, particularly for cross-border payments, as identified in Bernstein's recent report. The report highlights that stablecoins, notably U.S. dollar denominated ones on crypto platforms, have become the cheapest option for such payments, costing only 1-2 basis points. This acquisition marks the largest by a major payments company within the crypto space. Firms like Bridge facilitate the integration of stablecoin payments into traditional payment systems, reflecting a broader acceptance of stablecoin transactions beyond crypto-native companies. The recognition of stablecoin-based payments underscores their potential to disrupt traditional banking systems by enabling large-scale transactions without bank intermediaries.

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