In a recent research report, investment bank Bernstein pointed out that the transaction of payment giant Stripe's acquisition of Bridge validates the application value of stablecoins on public blockchains. The report said that with the improvement of blockchain scalability, stablecoins have become the main application scenario of blockchain, especially in the field of cross-border transfer. Bernstein analyst Gautam Chhugani team said that cryptocurrency-based US dollar stablecoins are currently the most economical way to cross-border transfer, with a cost of only 1-2 basis points.