Bitcoin purist Jack Dorsey says that his firm is reluctantly giving in to stablecoin craze

The shift comes as stablecoins surge in popularity and competitors like Stripe and PayPal add stablecoin options, increasing market pressure. What to know : Block CEO Jack Dorsey says the company will support stablecoins due to customer demand, despite previously advocating for Bitcoin as the sole internet money protocol. The shift comes as stablecoins surge in popularity and competitors like Stripe and PayPal add stablecoin options, increasing market pressure. Dorsey maintains that Bitcoin's decentralized model remains his preferred choice for an open financial protocol.