Stripe paid $1.1 billion for Bridge (@Stablecoin). Here’s what one of its wallets shows on-chain.
One Bridge hot wallet moved $13.3 billion in stablecoins across 13 EVM chains from January 2025 to September 2026. Monthly volume grew from $10M to $1.85 billion.
For most of that period, the story was USDC: $11.4 billion, or 86% of all funds sent by that wallet.
September changed the picture. OUSD (@openstandard) went from test transfers to $456M in a single month, accounting for 25% of volume. 99% of it took place on @tempo, a chain backed by Stripe.
October looks different. ethereum:0x9f6f3991d525015a6f8caf062c83b62fd3ac4436 has moved $398 million, but only 54% of it went through Tempo. Ethereum and Base accounted for 46%, up from 1% in September.
There are two caveats. This is one wallet on EVM chains: Solana, Tron, and fiat rails aren’t covered, so Bridge’s actual volume is higher. And volume isn’t the same as payments—some OUSD flows may be issuance.
Even so, a token that captures a quarter of flows in a month—first on Stripe’s own chain, then surpassing it—is worth watching.
One Bridge hot wallet moved $13.3 billion in stablecoins across 13 EVM chains from January 2025 to September 2026. Monthly volume grew from $10M to $1.85 billion.
For most of that period, the story was USDC: $11.4 billion, or 86% of all funds sent by that wallet.
September changed the picture. OUSD (@openstandard) went from test transfers to $456M in a single month, accounting for 25% of volume. 99% of it took place on @tempo, a chain backed by Stripe.
October looks different. ethereum:0x9f6f3991d525015a6f8caf062c83b62fd3ac4436 has moved $398 million, but only 54% of it went through Tempo. Ethereum and Base accounted for 46%, up from 1% in September.
There are two caveats. This is one wallet on EVM chains: Solana, Tron, and fiat rails aren’t covered, so Bridge’s actual volume is higher. And volume isn’t the same as payments—some OUSD flows may be issuance.
Even so, a token that captures a quarter of flows in a month—first on Stripe’s own chain, then surpassing it—is worth watching.