The stripes acquisition of crypto startup Bridge “validates” the use of stablecoins for public blockchains, broker Bernstein said in a new research report. Stripe – completed purchase of Bridge in $1.1 billion deal, demonstrating ‘stablecoins’ [are] the primary use case for blockchains, particularly for cross-border payments,” Bernstein analysts wrote. Bernstein noted that the Bridge deal is the largest crypto acquisition by a major payments company to date. Companies such as Bridge “are playing an important role in creating API software that allows businesses to integrate stablecoin payments into their regular payment experience,” the authors wrote. It’s hard to see a more disruptive challenge for the TradFi banking system, “payments at scale without the involvement of a bank,” the report adds.