After a day of rumours it is now confirmed that Fintech Giant Stripe will acquire Bridge, a stablecoin infrastructure provider that has played a pivotal role in advanced online financial solutions for global business providers.

Some companies use the startup’s software to accept customer payments in stablecoins. Others rely on Bridge to process cross-border transactions. Additionally, the company provides a service that allows developers to issue their own stablecoins and invest users’ funds in U.S. Treasuries.

The deal, one of the largest in crypto history, follows Stripe announcing stablecoin support earlier this month.

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 is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages,

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.