In a recent press conference, David Sacks, the Donald Trump crypto czar, said the administration’s priorities are twofold. First, formulate proper laws governing stablecoins, and second, place serious consideration into creating a strategic Bitcoin reserve. Though the community wants the second to usurp the first, that’s how Trump will proceed with his crypto “golden era.” And on the same day Sacks provided clarity, Stripe, a payment processor and one of the first platforms to integrate Bitcoin, announced they had completed their acquisition of Bridge, a stablecoin infrastructure provider, for $1.1 billion.
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Stripe Acquires Bridge For $1.1 Billion: Why It Matters
Neetika Bansal, the business lead at Stripe, said the acquisition was partly advised by the fact that stablecoins will play a “critical role in turbocharging cross-border commerce.” On his part, Zach Abrams, the co-founder of Bridge, added that the buyout means Stripe will continue “scaling digital dollars to businesses everywhere.”
Bridge built an infrastructure through which businesses can accept stablecoins without having to handle them. According to CNBC, the startup had an initial valuation of $200 million and was backed by serial investors like Index Ventures and Sequoia Capital.
It is key to note that this is Stripe’s largest acquisition by far and is a move that undoubtedly underscores their belief that stablecoins, especially those backed by USD, will continue to form a big part of digital payments. Already, Stripe supports crypto payments in Europe following the release of the “Pay with Crypto” feature in October 2023.
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Time To Double Down On Potent Crypto Projects Like Wall Street Pepe?
The decision by Stripe to bet big on crypto and stablecoins could explain why interest in quality, top-tier projects continues to rise.
Thus far, Wall Street Pepe, a meme coin project keen on leveling the trading field, has raised over $70 million from the community.
Unlike most meme coins, Wall Street Pepe has been audited and confirmed to be secure by a top blockchain security firm, Coinsult.
As such, there is no risk of rug pulls or any form of manipulation.
The meme coin project is special in the sense that it expertly blends blockchain principles of community and governance while ensuring it remains fun and offers real-world utility.
WEPE holders will have access to trading groups where they receive market insights from experts. Armed with this advice, they can easily pick out any form of market manipulation often orchestrated by whales.
The Wall Street Pepe presale ends in less than two weeks, and this is the perfect time to buy WEPE before prices surge.
Each coin is trading for just $0.0003665, drawing the attention of enthusiasts, and not surprisingly, deep-pocketed millionaires.
Before listing, WEPE can be locked for a 18% APY.
Over 44 billion WEPE have been staked, which is 22% of the total supply of 200 billion.
On various social media platforms, analysts are upbeat about what lies ahead.
Specifically, on YouTube, they are convinced WEPE can easily spike on launch, outperforming the currently battered TRUMP and MELANIA meme coins.
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