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

Bitget App

Trade smarter

Bitget

News

Cointime2024/10/22 11:03

By:Cointime

investment bank Bernstein's latest research report pointed out that payment giant Stripe's acquisition of Bridge validates the application value of stablecoins on public blockchains. The report stated that with the improvement of blockchain scalability, stablecoins have become the main application scenario of blockchain, especially in the field of cross-border payments. Analyst Gautam Chhugani and his team at Bernstein stated that US dollar stablecoins based on cryptocurrencies are currently the most economical way for cross-border payments, with a cost of only 1-2 basis points.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14