Bernstein: Stripe's acquisition of Bridge validates the value of stablecoins on public blockchains

investment bank Bernstein's latest research report pointed out that payment giant Stripe's acquisition of Bridge validates the application value of stablecoins on public blockchains. The report stated that with the improvement of blockchain scalability, stablecoins have become the main application scenario of blockchain, especially in the field of cross-border payments. Analyst Gautam Chhugani and his team at Bernstein stated that US dollar stablecoins based on cryptocurrencies are currently the most economical way for cross-border payments, with a cost of only 1-2 basis points.