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Stripe Acquires Stablecoin Platform Bridge For $1 Billion
Stripe’s Bridge to Crypto
Crypto is so back, baby! Payments firm Stripe confirmed that today with its deal—reportedly $1.1 billion—to buy Bridge, a startup that helps companies make payments using stablecoin (a type of cryptocurrency backed by dollars and other traditional currencies).
Stripe acquires Bridge in biggest ever crypto acquisition says TechCrunch founder
Stripe announced its return after a six-year break at the Solana Sessions, and Stripe’s Co-Founder John Collinson celebrated the landmark news in April of this year. He addressed the audience with a walkthrough of Stripe’s new instant processing payments, saying, “Are you ready for the new crypto?”
Stripe Inks $1.1 Billion Deal to Buy Stablecoin Platform Bridge
The deal, one of the largest in crypto history, follows Stripe announcing stablecoin support earlier this month.
The Information
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Payment fintechs invest in stablecoin, but where are the users?
Stripe, Circle and Ripple all made deals in recent days to boost scale for a form of cryptocurrency that has struggled to ...
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