Stripe is expanding its stablecoin card business worldwide, betting that digital dollars can become another payment option for consumers and businesses alongside traditional currencies, according to CoinDesk. Henri Stern, Stripe’s head of stablecoins and crypto, said the company expects the program to reach more than 100 countries by the end of the year. Current customers include crypto exchange Kraken, fintech firm Ramp, and payments app Morse. Paymentscan data showed about $1.2 billion in stablecoin card spending last month, triple the level seen a year earlier. Stern said Stripe’s approach is to plug stablecoins into its existing infrastructure rather than build a separate crypto stack for users. Since 2018, the company has issued more than 400 million cards and processed hundreds of billions of dollars in card volume. Stripe’s stablecoin effort combines its issuing business with Bridge, the stablecoin infrastructure company it acquired in 2024 for $1.1 billion. The company has also acquired wallet infrastructure provider Privy, partnered with Paradigm on the payments-focused blockchain Tempo, and is a founding investor in Open Standard, which is developing Open USD.
Stripe is taking its stablecoin card business global, betting that digital dollars can become another way for consumers and businesses to pay outside traditional currencies, according to CoinDesk.
Henri Stern, Stripe’s head of stablecoins and crypto, said the company expects its stablecoin card program to be available in more than 100 countries by the end of the year. Current customers include crypto exchange Kraken, fintech company Ramp, and payments app Morse.
Paymentscan data showed that stablecoin spending through cards reached about $1.2 billion last month, three times the level from a year earlier.
Stern said Stripe’s strategy is to connect stablecoins to its existing infrastructure. Since 2018, the company has issued more than 400 million cards and handled hundreds of billions of dollars in card transaction volume.
Its stablecoin business combines Stripe’s card-issuing operations with Bridge, the stablecoin infrastructure company it acquired in 2024 for $1.1 billion.
Stripe has also acquired crypto wallet infrastructure company Privy, worked with crypto investment firm Paradigm to develop Tempo, a blockchain designed for payments, and is a founding investor in Open Standard, the group developing Open USD.
On asset support, Stern said many projects currently use Circle’s USDC, but Stripe intends to remain “fully stablecoin-neutral, fully blockchain-neutral.”
He said stablecoins should sit inside existing business products as another option, rather than force companies to learn a separate crypto technology stack.
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