Stripe Hires New Executive to Lead Stablecoin Cards Business
Stripe has appointed Drew Turchin as the leader of its stablecoin cards business, according to a LinkedIn post. Turchin previously held leadership roles at Native Markets and Uniswap Labs before joining Stripe. He emphasized that stablecoins are increasingly being used for everyday spending through card-based transactions. Stablecoin-linked card payments reached $1.5 billion in monthly volume in 2024, up from $250 million the previous year, according to a report by Artemis Analytics, Castle Island Ventures, and Dragonfly. Stripe has been expanding its stablecoin capabilities since acquiring Bridge for $1.1 billion in October 2024. Turchin will work alongside Stripe executives Henri Stern and Max Segall on crypto strategy. In June, Stripe joined a coalition of companies to launch Open USD, a new stablecoin initiative led by Zach Abrams.
Topics: Crypto Payments Executives Stablecoins Stripe