Interesting that Stripe has launched a new blockchain. For context stripe is a private company but it had a transaction volume of $1.4 trillion in 2024.

One of the founders said it's mainly due to seeing their customers use stablecoins.

In terms of their revenue model it is likely to incentivise users of their network to hold stablecoins instead of fiat allowing them to earn interest by buying US treasuries with customers money (small percentage times 1.4 trillion = big revenue), effectively allowing them to act as defacto banks. If we extend this scenario out, tech companies incentivising users to hold their wealth in stablecoins of various currencies instead of fiat, this should encourage more movement between different currencies, both fiat-backed and non fiat backed.

Not sure what it means for other blockchains like bitcoin, but I imagine there's less incentive to move away from your current walled garden e.g. stripe to another network like bitcoin for your payments.

Note, I'm not suggesting that payments are the only purpose, or even main purpose, of the bitcoin network, but it is often associated with it.