Stripe CEO Explains Enterprise Adoption of Stablecoins

Patrick Collison, co-founder and CEO of Stripe, explained why businesses are increasingly using stablecoins. He argues they offer faster, cheaper, and more reliable real-world financial processing compared to existing methods. His remarks come after Stripe launched ‘Tempo’, a new blockchain network developed with crypto investment firm Paradigm, specifically designed for stablecoin payments. 💰 🔐 In a thread on social news site Hacker News, Collison stated that businesses are utilizing stablecoins not for speculative reasons but because they perform real-world financial activity and have found them to be more efficient than traditional systems.