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Haun VenturesCNBC
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81% Informative
Stablecoins are a type of cryptocurrency whose value is pegged to the value of a real-world asset like the U.S. dollar.
Stripe agreed to buy Bridge Network this week for $1.1 billion .
Bridge describes itself as the Stripe of crypto, specializing in making it easier for businesses to accept stablecoin payments without having to directly deal in digital tokens.
Analysts are bullish on what the deal means for the $160 billion U.S. dollar-pegged stablecoin market.
Stripe referred to CEO Patrick Collison 's post on X about the deal.
Collison called stablecoins "room-temperature superconductors for financial services".
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