Payment giant Stripe announces a tender offer, allowing current and former employees to sell their shares. The company’s valuation reaches $159 billion. By 2025, Stripe’s total platform transactions are projected to reach $1.9 trillion, a 34% increase year-over-year.
Stablecoin business has become a key highlight. Its stablecoin platform Bridge saw trading volume increase more than fourfold last year. Last week, Stripe also obtained an OCC national bank trust license to expand its stablecoin operations. Co-founders John and Patrick Collison stated in their annual letter that, according to a McKinsey report, stablecoin payment volume doubled last year to approximately $390 billion, describing the current situation as a “stablecoin summer” following the crypto winter.
Additionally, Stripe and Paradigm’s joint development of the dedicated stablecoin blockchain Tempo is still in the testnet phase. Visa, Nubank, and Shopify have participated in testing, and the mainnet is expected to go live soon.
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