Stripe’s push into stablecoins is encountering early friction as its newly acquired crypto startup Bridge becomes linked to transactions allegedly involving scammers and sanctioned entities, according to The Information.
Stripe acquired Bridge in 2025 to expand its payments infrastructure into dollar-backed stablecoins, positioning the technology as a way to move money faster and more cheaply across borders, as reported by PYMNTS. Bridge provides application programming interfaces (APIs) that allow businesses to send and receive stablecoins while abstracting away much of the underlying blockchain complexity.
The Information reported that Bridge’s services were used in transactions allegedly tied to online scams and, in some cases, individuals or entities subject to U.S. sanctions. The activity prompted additional scrutiny as Stripe worked to integrate Bridge into its broader payments platform. The report said that scammers are drawn to stablecoins because they allow funds to move quickly across borders, often with fewer intermediaries than card or bank-based payments.
The transactions have highlighted challenges for Stripe as it applies its existing compliance and fraud controls to blockchain-based payments. While Stripe has built its core business around card networks and bank transfers with established monitoring frameworks, stablecoins operate on public blockchains where transactions can be difficult to block once initiated. According to The Information, some questionable activity reportedly occurred despite Bridge’s stated compliance processes, underscoring the difficulty of policing illicit use in real time.
Stripe declined to characterize the issue as widespread, but the episode illustrates how crypto-related products can expose payments companies to new categories of risk. Stablecoins have increasingly appeared in law enforcement investigations involving romance scams, investment fraud and sanctions evasion, particularly in regions where access to traditional banking is limited.
The developments come as regulators continue to focus on stablecoins and their role in the financial system. In the U.S., lawmakers and regulators have been debating legislation that would establish clearer rules for stablecoin issuers and intermediaries, including requirements related to reserves, disclosures and anti-money-laundering controls. Those discussions have intensified as large technology and payments companies move deeper into crypto-linked services.
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