Last year Stripe spent $1.1 billion acquiring Bridge, the company that provides cross border API infrastructure for stablecoin payments. On Friday a member of Stripe’s crypto product team, Jennifer Lee, announced on X that the company is starting to test its Bridge-based product and invited companies outside the US, UK and EU who want to access dollars. She didn’t mention which stablecoins solutions would be offered initially.
Bridge’s APIs support several corporate use cases including cross border transfers, enabling large corporates such as SpaceX’s Starlink to move money around the world, and dollar payouts to staff or others. An important one is enabling clients in countries with volatile currencies to save using dollar stablecoins.
Stepping back, Stripe’s appeal for participant companies outside the US, UK and EU is notable. While it’s easy to think that Stripe has a presence worldwide because it sends payments globally, it only offers services to companies in 51 jurisdictions, of which 31 are in Europe, plus the five mainly English-speaking regions of the US, UK, Canada, Australia and New Zealand.
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