In brief
- Stripe made a tender offer to buy shares from current and former employees with a company valuation of $159 billion.
- The firm saw a 34% yearly increase in business volumes and its stablecoin orchestration acquisition, Bridge, had volumes jump 4x.
- Its stablecoin focus also includes Tempo, a payments-focused blockchain that it anticipates will launch a mainnet soon.
Payments giant Stripe is offering to repurchase shares from current and former employees through a tender offer that values the firm at $159 billion. It comes amid surging stablecoin volumes and $1.9 trillion in business volume generated via its platform, the firm announced on Tuesday.
The tender offer is primarily being funded by the firm’s investors, like a16z and Thrive Capital, though it will use some of its own funds to buy back shares.
The valuation puts the firm in the range of consumer products giant Unilever (UL) and pharmaceuticals firm Pfizer (PFE), which trade around $163 billion and $154 billion, respectively.
At its current mark, the privately held payments company is valued just behind banking giant Charles Schwab (SCHW) which was recently trading around $169 billion.
“Our programmable financial services now power more than 5 million businesses directly or via platforms, including all of the top AI companies, many of the largest blue-chip companies (90% of the Dow Jones Industrial Average), most of the biggest tech companies (80% of the Nasdaq 100), and a significant fraction of freshly minted startups,” the company’s founders John and Patrick Collison wrote in its annual letter.
While the company highlighted the uptick in business volumes, around 34% year-over-year, its founders gave significant space to stablecoins in their annual letter, noting the sector’s doubled payments volume last year—around $390 billion worth in total, according to a report from McKinsey.
Stripe’s own stablecoin orchestration platform, Bridge, saw volume more than quadruple last year, according to the company.
Stripe completed its acquisition of Bridge for $1.1 billion last year and was granted a National Bank Trust Charter from the OCC last week to boost its stablecoin offerings.
“It may be a crypto winter, but it’s a stablecoin summer,” the Collison brothers wrote. “Stablecoin payments are advancing quietly and inexorably as real-world uptake continues apace.”
In addition to its Bridge acquisition, the company also announced plans last year to develop its own stablecoin-focused blockchain, Tempo, together with crypto venture capital firm Paradigm.
The network, which remains in testnet, has already welcomed major firms like “Visa, Nubank, and Shopify,” who are “already testing Tempo for a number of use cases, including global payouts, embedded finance, and remittances,” the company letter noted.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
On-Chain Transaction Terminal 1Keeper Has Officially Launched the New "Smart Money" Signal System
On-chain transaction terminal 1Keeper launches a new "Smart Money" signal system. It enhances signal recognition and trading efficiency through features such as visualized bubble alerts, bubble corner indicators, market cap filtering, and quick trading access, optimizing the user experience.
GateNewsBot2m ago
Ethereum Foundation to Stake 70,000 ETH for Native Yield
The Ethereum Foundation has begun staking around 70,000 ETH from its treasury to enhance network security and generate rewards for funding operations and ecosystem initiatives. Using open-source infrastructure, the foundation aims to participate actively in Ethereum's consensus.
Coinpedia23m ago
Payoneer applies for a U.S. trust bank license and plans to issue a USD stablecoin PAYO-USD
Fintech company Payoneer has submitted an application to the U.S. OCC to establish PAYO Digital Bank, which will provide infrastructure supported by stablecoins to facilitate global business payments. If approved, customers will be able to send and receive stablecoins and manage their reserves. The CEO stated that stablecoins will play an important role in global trade.
GateNewsBot35m ago
ENSO (Enso) 24-hour increase of 34.84%
Gate News Bot Message, February 25th, according to CoinMarketCap data, ENSO (Enso) is currently trading at $2.70, up 34.84% in the past 24 hours. It reached a high of $2.85 and fell back to $1.16, with a 24-hour trading volume of $442 million. The current market capitalization is approximately $55.6 million, an increase of $14.4 million from yesterday.
Enso is an integrated platform for quickly building and launching on-chain applications. The platform eliminates the cumbersome blockchain and smart contract integration process by mapping each on-chain interaction to a shared engine, helping developers focus on product, community, and growth.
Enso offers two core features: Actions and Shortcuts. Among them, Actions will turn any independent smart
GateNewsBot37m ago
DENT (Dent) increased by 61.08% in 24 hours
Gate News Bot Message, February 25th, according to CoinMarketCap data, as of press time, DENT (Dent) is currently trading at $0.00019563, up 61.08% in the past 24 hours, with a high of $0.00020004 and a low of $0.00012005. The current market capitalization is approximately $19.7 million, an increase of $7.42 million from yesterday.
Dent has been renamed to Tunz, now a product under DT One, dedicated to building standards for seamless, borderless internet access worldwide. Tunz is an eSIM data service platform that provides enterprises with quick activation solutions for eSIM data plans, supporting data coverage in over 150 countries globally. The platform offers personalized data packages and reliable connection services for industries such as travel, fintech, and telecommunications, supporting
GateNewsBot41m ago
WisdomTree achieves first-ever all-weather settlement of tokenized funds, SEC exemption sets a precedent
Global asset management firm WisdomTree announced that its government bond money market digital fund (WTGXX) has officially launched 24-hour trading and real-time settlement capabilities, becoming the first registered tokenized mutual fund share authorized to conduct round-the-clock trading under the U.S. regulatory framework using a dealer-to-client liquidity model. This feature rollout received an exemption approval granted by the U.S. Securities and Exchange Commission (SEC).
MarketWhisper43m ago
