Stripe: Stablecoins are one of the most innovative areas of the “Internet economy”

Odaily News Payments company Stripe, which will see total transaction volume reach $1.4 trillion in 2024, said in its annual letter released Thursday that 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 noted that stablecoins represent an "improvement" in the "basic usability of money," just as paper money is an improvement over coins. The founder of Stripe wrote: "Compared to the status quo, stablecoins have four important properties. They make money flow cheaper, they make money flow faster, they are decentralized and open (so they can be used globally from day one), and they are programmable."