Stripe has hired Drew Turchin to run its stablecoin card business, adding another piece to the payments company’s push into crypto-linked financial products. In a LinkedIn post, Turchin said stablecoins are becoming both a payment medium and a store of value, while card payments can make those balances immediately spendable in daily life.
Turchin previously served as head of business development at Native Markets and as head of business development at Uniswap Labs. His appointment comes as Stripe expands its enterprise stablecoin payments offering after acquiring stablecoin platform Bridge for $1.1 billion in October 2024.
The report also cited data from Artemis Analytics and other firms showing that monthly transaction volume tied to stablecoin-linked card payments reached $1.5 billion in 2024. The hiring was reported in a Techub News brief citing Payments Dive.
Stripe has hired Drew Turchin to lead its stablecoin card business, according to a Techub News brief.
In a LinkedIn post, Turchin said stablecoins are becoming a medium for payments and a store of value, while card payments can help make those balances instantly spendable in everyday life.
Turchin previously served as head of business development at Native Markets and as head of business development at Uniswap Labs.
Stripe bought stablecoin platform Bridge for $1.1 billion in October 2024 and is now using that acquisition to expand enterprise-grade stablecoin payment products.
Data cited from Artemis Analytics and other organizations showed that monthly transaction volume for stablecoin-linked card payments reached $1.5 billion in 2024.
The item cited Payments Dive as the source.
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