In a recent press conference, David Sacks, the crypto czar under Trump, highlighted that the administration’s key objectives involve establishing solid regulations around stablecoins and contemplating the formation of a strategic Bitcoin reserve. Although the crypto community advocates for prioritizing the latter, Sacks confirmed Trump’s agenda for a “golden era” of cryptocurrency.

On the very same day that Sacks offered insights, Stripe officially announced its $1.1 billion acquisition of Bridge, a provider of stablecoin infrastructure.

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Stripe Acquires Bridge For $1.1 Billion: Why It Matters

Neetika Bansal, business lead at Stripe, stated that the acquisition aligns with the view that stablecoins would be instrumental in enhancing cross-border commerce. Zach Abrams, co-founder of Bridge, emphasized that this acquisition will enable Stripe to further “scale digital dollars for businesses everywhere.”

Bridge has developed infrastructure that allows enterprises to accept stablecoins without the complexities of directly managing them. According to CNBC, the startup was initially valued at $200 million, with backing from prominent investors including Index Ventures and Sequoia Capital.

This acquisition marks Stripe’s largest to date, underscoring their belief in the importance of stablecoins—particularly those backed by the USD—in future digital transactions. Recently, Stripe has begun supporting crypto payments across Europe thanks to the launch of their ‘Pay with Crypto’ feature in October 2023.

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Time To Double Down On Potent Crypto Projects Like Wall Street Pepe?

The significant investment by Stripe into crypto and stablecoins may contribute to the increasing interest in quality, leading-edge projects.

So far, Wall Street Pepe, a meme coin initiative aimed at leveling market conditions, has successfully raised over $70 million from its community.

Unlike the majority of meme tokens, Wall Street Pepe has undergone audits ensuring its security by a reputable blockchain security firm, Coinsult, eliminating any risk related to malicious activities such as rug pulls.

This unique project integrates community governance with real-world utility, providing WEPE holders access to trading groups featuring market insights from seasoned experts. This comprehensive approach equips them to identify and respond to market manipulations typically orchestrated by influential investors.

With the WEPE presale concluding in a fortnight, it’s an opportune moment to acquire tokens priced at just $0.0003665, drawing attention from avid investors and high-net-worth individuals.

Importantly, before it lists, WEPE can be locked in for an 18% APY, with more than 44 billion WEPE staked—accounting for 22% of its total supply of 200 billion.

Analysts are exhibiting optimism regarding future developments across various social media platforms, convinced that WEPE could significantly rise upon launch, outshining the more established TRUMP and MELANIA meme coins.

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Disclaimer: Crypto is a high-risk asset class. This article serves for informational purposes and should not be seen as investment advice. You risk losing your entire capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. Our recommendations stem from a thorough review process.
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