Stripe launches share buyback at a valuation of $159 billion, with its stablecoin business becoming a growth engine
Payment giant Stripe announced a tender offer, allowing current and former employees to sell their shares, with the company valued at $159 billion. By 2025, the total volume of Stripe's platform business is expected to reach $1.9 trillion, a year-on-year increase of 34%.The stablecoin business has become a significant highlight. The stablecoin orchestration platform Bridge saw its trading volume quadruple last year, and Stripe also received an OCC national bank trust charter last week to expand its stablecoin business. Co-founders John and Patrick Collison stated in the annual letter that, according to a McKinsey report, stablecoin payment volume doubled last year to about $390 billion, and they referenced the current situation as a "stablecoin summer" amid the crypto winter.In addition, the stablecoin-exclusive blockchain Tempo, jointly developed by Stripe and Paradigm, is still in the testnet phase, with Visa, Nubank, and Shopify participating in the testing, and the mainnet is expected to launch soon.