Company
Stablecoin infrastructure company acquired by Stripe in 2024, providing APIs for issuing stablecoins and managing their reserves.
Stripe is extending its stablecoin card infrastructure to more fiat currencies and stablecoins, with Plasma as design partner, in more than 30 countries. Stripe's release says a cardholder holding euros can spend in euros without converting through dollars first.
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Pi Network's October 8 plan to explore Open USD payments and Pioneer rewards specifies no requirement to buy or hold PI, a coin now near $0.0835. Dollar payments could grow activity on Pi while demand for the coin waits on reward and settlement terms the team has not published.
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Visa and Mastercard took equal stakes with Coinbase, Stripe and Shopify in OUSD, a stablecoin the five founders back with over $1 billion. Its zero fees cover minting and redemption only, and the networks also back rival stablecoins, so the stake is one bet among several.
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Gate will roll out a Visa card that converts crypto to fiat at checkout in more than 40 countries and territories. Until Gate names those markets the figure is a target, and the card looks built to keep customer balances inside the exchange's app.
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Sui's offchain tunnels peaked at 40.6 million transactions per second in a live AI-agent test in Singapore, up from about 6.1 million in July. Because mainnet recorded only each tunnel's opening and closing, and CertiK's audit is still pending, the figure is an unverified benchmark of channel capacity.
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Stripe plans stablecoin card programs in more than 100 countries by year-end and has put Privy chief Henri Stern in charge of its stablecoin and crypto work. Stern is selling the coins as one more option inside the card products Stripe's fiat customers already use.
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Visa says stablecoin-linked card volume grew nearly 200% in a year across more than 160 programs. Its one dollar figure, a $20 billion settlement run rate, counts money moving between Visa and participating institutions, so the size of card spending is still unknown.
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Open USD launched with Stripe distribution and $468 million of backed supply, about 0.15% of a dollar-stablecoin market led by USDT and USDC. Its share grows only if Stripe customers move payments and treasury balances into it beyond the liquidity its founders seeded.
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Stripe-owned Bridge is issuing the OUSD stablecoin on four blockchains, with reserves held at BlackRock, Lead Bank and BNY. Open Standard has not said how much has been issued, so its list of more than 200 partner businesses is the only size figure on record.
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Open Standard's OUSD stablecoin launched Sept. 30 with over $1 billion from Coinbase, Mastercard, Shopify, Stripe and Visa. Because partners collect most of the reserve yield, the payment firms that distribute stablecoins now have a revenue reason to push this one.
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The reported price is roughly 5.8 times OpenRouter's May valuation, and one banker says it does not rule out a PayPal bid. Stripe is buying the layer between developers and 400-plus models.
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Privy, Bridge, Ourum and Metronome all arrived without a disclosed price. Read the Google 2003 comparison literally and the suite itself is the switching cost, while the collapsed PayPal bid marks the layer Stripe still lacks.
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World Money went live in more than 150 countries on Thursday, holding balances in eight currencies, funded through Stripe and paying yield through Morpho, where World warns depositors could lose some or all of their money.
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BVNK processed more than $30 billion of stablecoin transactions last year and now plugs into Marqeta's issuing platform, where the card rails stay as they are and the currency conversion happens out of the cardholder's sight.
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The Linux Foundation now oversees the x402 Foundation and its 40 members, including Stripe, Google and AWS. The purchases the protocol handles today are metered API calls and small slices of computing power.
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The sector's own figures put genuine stablecoin payments near $390 billion a year against $208 trillion of cross-border flow, and the ceiling on that ratio sits in bank licensing and local rails rather than in the chains.
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EURR is about 1,570 times smaller than Circle's EURC and locked inside one app, which is what a distribution test looks like when the goal is replacing USDT for 16 million crypto-active customers rather than earning reserve income.
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EURR is issued by a Stripe-owned Luxembourg entity, not by Revolut. The regulated fintechs are distributing on-chain money; the balance-sheet obligation sits elsewhere.
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