$400B in stablecoin payment volume, 60% B2B, turns Bridge from a crypto checkout widget into Stripe’s routing table for dollar liquidity. Once Bridge can push funds across Tempo, Plasma, Celo and Sui while Privy handles wallet policy and Morpho absorbs idle balances, the moat is not blockspace; it is issuer choice, FX spread, KYC state, and who controls the merchant’s working-capital account. Public chains may get settlement volume, but Stripe gets the customer relationship and the rake unless DeFi can make neutrality feel as easy as a PSP balance.

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