Stripe: Stablecoins are one of the most innovative areas in the "Internet economy"

Odaily Planet Daily reports that payment company Stripe's total transaction volume will reach $1.4 trillion in 2024, according to the annual letter released by the company on Thursday, stating that stablecoins are one of the most innovative areas in the "internet economy".

Stripe spent $1 billion last October to acquire stablecoin startup Bridge. In their annual letter, co-founders Patrick and John Collison pointed out that stablecoins represent an "improvement" in "basic monetary usability", just as paper money was a progression from coins. The founders of Stripe wrote: “Compared with the status quo, stablecoins have four important characteristics. They make funds flow cheaper and faster; they are decentralized and open (thus can be used globally from day one), and they are programmable."