Crypto
Stripe temporarily suspends stablecoin card program
Stripe has temporarily suspended a stablecoin payment card program offered through Bridge, the stablecoin infrastructure startup it acquired for $1.1 billion, after the product was exposed to fraud, The Information reported. Stripe had launched Bridge stablecoin card features, including a public version in January in cooperation with crypto company Fuse. Stripe later found many suspicious customers entering the new Fuse card program and paused it. Expansion plans focused on Latin America and Africa also faced sanctions risks and banking-partner constraints.