'Stablecoin Summer': Stripe Makes Tender Offer at $159 Billion Valuation

In brief

• Stripe made a tender offer to buy shares from current and former employees with a company valuation of $159 billion.
• The firm saw a 34% yearly increase in business volumes and its stablecoin orchestration acquisition, Bridge, had volumes jump 4x.
• Its stablecoin focus also includes Tempo, a payments-focused blockchain that it anticipates will launch a mainnet soon.