Stripe opens testing for new stablecoin product following Bridge acquisition

Stripe had been working on this a few years ago and put the effort on hold. The utility makes a ton of sense for them. There was a lot of concern about how the US Government may treat stable coins that stopped it. Circle and USDC continued on and were fine. There is huge utility in crypto infrastructure using stable assets like this. By the way, there are other approaches to stable coins that don't require government backed currencies. Rai Reflex is the one I've watched for years. It moves a little, but is a super interesting approach to the same use case.