<ul><li>Stripe has acquired stablecoin business, Bridge, for $1.1 billion.</li><li>This acquisition could be transformative for the payment choices and capabilities offered by product teams and tech companies.</li><li>Stablecoins are cryptocurrencies designed to maintain a stable value relative to a reference asset, such as the US dollar.</li><li>Stripe's acquisition of Bridge highlights the increasing relevance and potential of stablecoins in the payment industry.</li></ul>

Why did Stripe spend $1.1bn on a Stablecoin startup?

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