Amidst the bustling, ever-changing landscape of digital finance, Patrick Collison, the co-founder and CEO of Stripe, has finally seen the light-or perhaps, the stablecoin-at the end of the tunnel. In a recent revelation, Collison shared his insights on why businesses are increasingly embracing stablecoins, noting that these digital assets have made real-world financial processes not only faster and cheaper but also more reliable. This epiphany came on the heels of Stripe’s launch of “Tempo,” a blockchain network developed in collaboration with the crypto investment firm Paradigm, aimed at streamlining stablecoin payments.
On the social news site Hacker News, a platform known for its healthy dose of crypto skepticism, Collison elaborated on Stripe’s decade-long journey from disappointment to discovery. “These businesses aren’t using crypto for the thrill of speculation,” he clarified, “but because it’s simply more efficient for their day-to-day financial activities. Who would have thought that the future of finance would be so… stable?”
near-instant settlement, lower costs, and direct on-chain access to U.S. dollars. Not bad for a technology once considered the wild west of finance, wouldn’t you say?”
– Patrick Collison (@patrickc) September 6, 2025
Stripe’s latest venture, the Tempo network, is a testament to the company’s commitment to this growing trend. Designed to handle over 100,000 transactions per second with completion times of less than a second, Tempo promises to revolutionize the way businesses manage their finances. This follows Stripe’s acquisition of the stablecoin platform Bridge in October 2024 and the introduction of “Stablecoin Financial Accounts” in May 2025, which are now available in 101 countries and support USDC and USDB.
Despite its rapid growth in traditional banking, Stripe continues to see the potential in stablecoins. In 2024, the company processed a staggering $1.4 trillion in payments, a 38% increase from the previous year and equivalent to about 1.3% of the world’s GDP. With stablecoin transaction volumes surging over 50% in the past year, Stripe’s strategic focus on this technology is more than just a nod to the future-it’s a bold step towards redefining the global financial landscape.
By building dedicated, high-performance infrastructure like Tempo, Stripe is not just accepting the crypto wave; it’s riding it with the grace of a seasoned surfer. Collison’s comparison of Tempo to a “decentralized, internet-scale SWIFT” underscores the company’s ambition to challenge traditional financial methods. As a trillion-dollar-a-year company, Stripe’s support and infrastructure could very well be the catalyst that propels stablecoins into the mainstream of global trade.
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2025-09-06 18:48