Stripe to Circle financial companies build their Blockchains – here why

Stripe is developing what he calls Tempo and Blockchain that focuses on payments, According to To a job that has been deleted since then and familiar sources on this issue. And a circle He said On Tuesday morning, he is building what ARC calls, or Blockchain designed for Stablecoins, or cryptocurrencies associated with basic assets such as the US dollar.

There is suddenly a flood of corporate chains, which asks the question: Why seems to be every large financing company – especially the tape and the circle – with a Blockchain developer?

“Own the full stack”

The answer to Stripe is simple, according to Stablecoin executives and one investor: vertical integration.

By acquiring the Stablecoin Bridge starting the $ 1.1 billion, Stripe bought Stablecoin and Payments Network. After taking acquainted with Crypto Wallet Company, users can give accounts to store Stablecoins. For, Stripe- whose name is made of traditional payments such as online exit-add Blockchain will reach the full ecosystem Stablecooin

“There is an incentive for these large companies,” said Rob Hadik, the general partner at Crypto Venture Dragonfly, who is investing regularly at Stablecoin. luck.

Stripe is a great proof that Stablecoins may be the future of payments. If a lot of it is 1.4 trillion dollars It passes through Stablecoins, it is missing to millions of possible revenues

Blockchains, or decentralized networks such as ethereum or SolanaCloser to Google Clouds or AWSS from the coding technique. The decentralized fleet of servers processes many transactions on the application of encryption, and in exchange for lending their computing power, owners of these servers receive fees.

For example, Coinbase’s Blockchain Base has created more than $ 130 million of fees since its launch in early 2023, according to data from Deville.

“You want to control the economy,” Luka Prosperi, founder and CEO of Stablecoin Infrastructure, told M0. luck.

However, it remains to see whether the stablecoins and metal proliferation will lead to countless metal currencies and chains that ordinary consumers will face difficulty in moving.

Stripe did not respond to a request for comment.

Defense against crime

For the circle, it is a similar set of motives.

Source Stablecoin, which was Obtained red subscription In June, he has his distinctive symbol, USDC. The company also has a prosperous network of payments. He has a service to allow Enterprise customers the role of their encryption portfolios. However, the encryption company does not have its Blockchain as it can process it – and receive fees – the size of payments that pass through its services.

“They want to own this money movement as well,” said Bam Aziz, the founder and CEO of the coding payment network, said. luckIn reference to the circle.

But the tape and the circle are not equal. Stripe is one of the largest private companies in technology. It is a diversified diversity of its revenues diversity – including 500 million dollars In the annual revenue rate from January from the width of the vertical bills.

On the other hand, Circle has derived more than 96 % of its revenues in the second quarter of 2025 of the benefit it gains on the US Treasury bonds that support Stablecoin. If interest rates decrease, her entire business model may be threatened.

“We are building a full set, from the infrastructure layer to the Stablecoin layer to the payment network,” Jeremy Aller, CEO of Serkel He said In an interview directly with Information About his company’s second quarter profits. (Circle spokesman rejected more.)

However, some believe that the new public company is playing annex.

“The circle is defensive and interactive.”. “The East is considering the future of payments and the future of their business, attack and proactivity.”

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