Stripe, the payments giant, has announced the acquisition of Bridge, a company at the forefront of stablecoin-enabled financial solutions. The acquisition signals a bold move by Stripe to expand its influence in the rapidly growing stablecoin market. Speaking of the acquisition Co-Founder of Stripe Patrick Collison said

Payment processing giant Stripe has finalized a monumental $1.1 billion acquisition of the stablecoin platform Bridge, as reported by TechCrunch founder Michael Arrington. This deal marks a significant expansion for Stripe into the cryptocurrency domain,

Stripe has reportedly completed the acquisition deal of Bridge, a stablecoin platform, just about two weeks after the payments firm returned to supporting crypto through the $USDC stablecoin.