Stripe Appoints Drew Turchin to Head Its Growing Stablecoin Card Business
Stripe has appointed Drew Turchin as the leader of its stablecoin card business, signaling a strategic push into mainstream adoption. The move follows rapid growth in spending through stablecoin-backed cards, which reached $642 million in July 2026—up from just over half that amount last year and with cumulative spending now exceeding $4.5 billion. Stripe is building infrastructure to support this expansion, including plans to enable card issuing across 60 countries via its Bridge platform by the end of 2026. The company has already partnered with firms like Deel to offer stablecoin wallets that allow users in over 150 countries to hold and spend dollar-backed balances. Max Segall, Stripe’s COO, emphasized the importance of cards as a key step toward making digital dollars usable for everyday spending. Turchin's appointment is seen as critical to scaling this use case beyond early adopters into broader consumer markets.
Topics: Crypto Cards Executive Appointment Stablecoins Stripe