Stripe founder: Stablecoins enhance currency usability and may become the core of payments in the future

According to ChainCatcher, The Block reported that Stripe founders John and Patrick Collison stated in their annual letter that stablecoins have four major advantages in the payment sector: lower costs, faster transaction speeds, decentralization and global availability, and programmability. They believe that the emergence of stablecoins is similar to the replacement of coins by paper money, or fiat currency replacing the gold standard, bringing greater convenience to the global economy.

Stripe has previously invested $1.1 billion to acquire the stablecoin service provider Bridge and supports stablecoin payments on chains such as Solana, Ethereum, and Polygon. The report indicates that the trading volume of stablecoins is expected to more than double year-on-year in 2024, with monthly active wallets surpassing 40 million, widely used in scenarios such as corporate financial management, cross-border remittances, inflation-resistant savings, and payment settlements. The Collison brothers emphasized that Stripe will focus on promoting the adoption of stablecoin payments in the future. The report also noted that issuers like Tether and Circle have become major buyers of U.S. Treasury bonds, further strengthening the influence of the U.S. dollar.