Will Canny is a finance reporter at CoinDesk.n
Bernstein said stablecoins are now the cheapest method of cross-border payments.Stripe's acquisition of Bridge validates the usage of stablecoins for public blockchains, broker Bernstein said in a research report Tuesday.
U.S. dollar denominated stablecoins on crypto rails are now the cheapest method of cross-border payments, at a cost of only 1-2 basis points, the report said.to buy stablecoin platform Bridge for $1.1 billion, according to an X post from TechCrunch founder Michael Arrington on Sunday, later confirmed by both companies.
Companies such as Bridge"play an important role by building API software for businesses to integrate stablecoin payments within their regular payments experience," the authors wrote.
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