Bernstein: Stripe's acquisition of Bridge validates the application value of stablecoins on public blockchains

ChainCatcher news, according to CoinDesk, investment bank Bernstein pointed out in its latest research report that the acquisition of Bridge by payment giant Stripe validates the application value of stablecoins on public blockchains. The report states that with the improvement of blockchain scalability, stablecoins have become a major application scenario for blockchains, especially in the field of cross-border payments. Bernstein analyst Gautam Chhugani's team indicated that cryptocurrency-based USD stablecoins are currently the most cost-effective method for cross-border payments, with costs only 1-2 basis points.

Previous news, Stripe acquired the stablecoin platform Bridge for $1.1 billion, marking the largest acquisition in the cryptocurrency space. The report emphasizes that companies like Bridge play a crucial role in building API software, enabling businesses to integrate stablecoin payments into their regular payment experiences. Investment bank Architect Partners stated in a report on October 21 that this transaction highlights the growing recognition of the market for stablecoin-based payments and their significant advantages, noting that non-cryptocurrency companies are also increasing their use of stablecoins.