Bernstein: Stripe's acquisition of Bridge validates the application value of stablecoins on public blockchains

Investment bank Bernstein pointed out in its latest research report that payment giant Stripe's acquisition of Bridge has validated the application value of stablecoins on public blockchains. The report states that with the improvement of blockchain scalability, stablecoins have become a major application scenario for blockchains, especially in cross-border payments. Bernstein analyst Gautam Chhugani's team stated that dollar stablecoins based on cryptocurrencies are currently the most economical method for cross-border payments, with costs only 1-2 basis points.