Stripe plans to expand its stablecoin card business to over 100 countries by the end of the year

Stripe plans to expand its stablecoin card business to over 100 countries by the end of the year and appoint Henri Stern as the head of stablecoin and cryptocurrency operations. Stripe's existing stablecoin card customers include Kraken, Ramp, and Morse. Last month, about 1.2 billion US dollars of stablecoins were spent through cards, which is three times that of the same period last year. Stripe will maintain stablecoin and blockchain independence, with many projects currently using USDC. The company is exploring tokenized deposits and DeFi use cases, but the vast majority of work is still focused on stablecoins.