Stripe's Billion-Dollar Bet on Stablecoins

When the crypto bubble burst, it was seen as a sign that the blockchain's days were over. But that couldn't be further from the truth, and fintech company Stripe just signed a $1 billion deal to acquire Bridge, a stablecoin payment developer. In this video, Travis Hoium explains why this is huge for the blockchain and Coinbase (NASDAQ: COIN).

*Stock prices used were end-of-day prices of Oct. 21, 2024. The video was published on Oct. 21, 2024.

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Travis Hoium has positions in Airbnb and Coinbase Global. The Motley Fool has positions in and recommends Airbnb, Bitcoin, and Coinbase Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.