EddieJayonCrypto

 23 Oct 24

tl;dr

U.S. payment processor Stripe has acquired stablecoin payment platform Bridge for $1.1 billion. This move underscores the growing significance of stablecoins in global cross-border transactions and their integration into payment and fintech platforms like Stripe and PayPal. The acquisition reflects ...

U.S. payment processor Stripe's acquisition of stablecoin payment platform Bridge for $1.1 billion validates the growing importance of stablecoins in global cross-border transactions. The integration of stablecoins into payment and fintech platforms like Stripe and PayPal underscores their increasing relevance, reflecting the demand for blockchain technology in global payments.

Bernstein notes that stablecoins have become systemically important, holding significant U.S. Treasury assets and offering cheaper and faster cross-border payment methods. With monthly settlement volumes exceeding $1 trillion, the acquisition affirms the rapid growth of stablecoins, which have digitized over $160 billion on blockchains.

According to Illia Otychenko, Lead Analyst at CEX.IO, this acquisition aligns with Stripe's recent moves into dollar-pegged tokens, positioning the company as a major player in stablecoin integration. Stripe's broader push into crypto-related offerings includes partnerships with the Avalanche Network and Coinbase, reflecting its strategic expansion into the cryptocurrency space.

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More about Tanzanian Royalty Exploration Corp

Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.

Sector: ENERGY & TRANSPORTATION

Industry: GOLD AND SILVER ORES

Market Cap: 115249000

Dividend Yield: None

EPS: None

P/E Ratio: 0

ROE: 0.127

Vol Avg (3m): 36723000

Price: 1.38

Change: 2.549

Change (%): 0.625

More about Youdao Inc

Youdao Inc, an Internet technology company, provides online content, community, communication and commerce services in China. The company is headquartered in Hangzhou, China.


Sector: TRADE & SERVICES

Industry: SERVICES-EDUCATIONAL SERVICES

Market Cap: 585643000

Dividend Yield: None

EPS: None

P/E Ratio: -0.16

Stock Price: 48.12

Change: -0.0233

Volume: 5732884000

50-Day Moving Average: 5.44

200-Day Moving Average: 3.683

Relative Strength Index (RSI): 0.095

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