Stripe is set to initiate a tender offer to repurchase shares, valuing the company at $159 billion. According to NS3.AI, this move is supported by significant investors, including a16z and Thrive Capital. The company has reported a 34% increase in business volume compared to the previous year, driven by substantial growth in stablecoin transaction volumes. Stripe's stablecoin platform, Bridge, saw its volume quadruple last year.
In addition to these developments, Stripe has obtained a National Bank Trust Charter and is in the process of developing a blockchain platform focused on stablecoins, named Tempo. This initiative has attracted interest from leading firms such as Visa and Shopify, who are participating in testing the new platform.