Stripe: Stablecoins are one of the most innovative areas of the “Internet economy”
Payment company Stripe's total transaction volume in 2024 will reach $1.4 trillion, the company said in its annual letter released on Thursday, stablecoins are one of the most innovative areas of the "Internet economy."
Stripe acquired stablecoin startup Bridge for $1.1 billion in October last year. In the annual letter, co-founders Patrick and John Collison pointed out that stablecoins represent an "improvement" in the "basic availability of money," much like paper money is an improvement over coins. Stripe's founders wrote: "Compared to the status quo, stablecoins have four important characteristics. They make money flow cheaper, make money flow faster, they are decentralized and open (so they can be used globally from day one), and they are programmable."
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