Stripe announced a milestone in its 2023 annual letter: surpassing $1 trillion in total payment volume. This marked a 25% increase compared to the previous year, showcasing the platform’s remarkable trajectory in facilitating global transactions. “With $1 trillion in payment volume, the output of businesses operating on Stripe now represents approximately 1% of the world’s GDP [gross domestic product],” the statement said, highlighting the platform’s integral role in powering the global economy.