3️⃣ Big Tech’s Stablecoin Expansion
Multiple high-profile technology companies announced their intentions to venture onchain with expansions into stablecoins this week.

Internet payments processor Stripe announced Wednesday it now supports stablecoins in its checkout suite, with intentions to further support stablecoins by allowing users in 101 countries to hold, send, and receive funds via fiat and stablecoin rails via “Stablecoin Financial Accounts.”

Bridge – the stablecoin API provider that Stripe acquired for $1.1B in February – introduced its own yield-bearing USDB stablecoin on Thursday, meanwhile, Latin American payments provider Ramp launched a stablecoin-backed card in partnership with Stripe.

Not one to miss out on the Stripe-fueled stablecoin hype train, Mark Zuckerberg’s Meta is reportedly mulling re-entering the stablecoin sector by using digital currencies for creator payouts three years after it shuttered the Diem digital currency project.