Global payments firm Stripe is expanding its stablecoin cards business globally, betting that digital dollars can become another way for consumers and businesses to pay alongside traditional currencies.

Henri Stern, CEO and co-founder of crypto wallet infrastructure firm Privy acquired last year by Stripe, has taken on an additional role overseeing stablecoins and crypto across Stripe, the company told CoinDesk.

Stripe expects its stablecoin card programs to more than 100 countries by year-end, Stern told CoinDesk in an interview. Current customers include crypto exchange Kraken, fintech Ramp and payments app Morse.

The expansion comes as stablecoin cards emerge as a fast-growing corner of the $300 billion-plus digital dollar market. About $1.2 billion of stablecoins were spent through cards last month, according to Paymentscan, triple the amount a year earlier. That's still a fraction of the global card payments market, but points to stablecoins are increasingly being used beyond crypto trading and cross-border transfers into everyday purchases.

Stripe's approach is to plug them into infrastructure it already has, Stern told CoinDesk.

The company has issued more than 400 million cards and processed hundreds of billions of dollars in card volume since 2018, Stern said. Its stablecoin offering combines that issuing business with Bridge, the stablecoin infrastructure company Stripe bought for $1.1 billion in 2024.

For a company such as Ramp, that could mean taking a corporate card into new countries using stablecoins instead of rebuilding banking and payments connections market by market. Kraken, meanwhile, has explored letting customers spend from accounts where they already hold digital assets.

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