Stripe has acquired the team behind the Valora wallet, which was originally developed as part of the Celo project. This move aims to strengthen Stripe's capabilities in offering stablecoin services. Valora previously focused on making crypto transactions as simple as sending a text message and has partnered with other platforms for broader adoption.

Stripe is creating a stablecoin-based product targeting customers outside the US, EU, and UK, utilizing technology from its recent $1.1 billion acquisition of Bridge. The product is in the testing phase, with Stripe seeking customer feedback on its features and functionality.