BCGAME - Free 5BTC Daily Bonus!- Stripe acquires Bridge for $1,1 billion
- Largest acquisition in the crypto market
- Strengthening the use of stablecoins
Fintech Stripe has solidified its position in the cryptocurrency market with the acquisition of Bridge, a platform specializing in stablecoins, in a deal valued at an impressive $1,1 billion. This transaction marks the largest acquisition in Stripe’s history and a significant milestone for the cryptocurrency industry. The information was disclosed by Michael Arrington, founder of TechCrunch, via his X account.
Founded by Sean Yu and Zach Abrams — the latter of whom is not affiliated with the journalist — Bridge offers innovative solutions that allow businesses to accept payments in stablecoins. The founders already have a track record of success, having previously sold Venmo competitor Evenly to Block in 2013. Abrams also brings his previous experience as a senior executive at Coinbase, bringing valuable expertise to the venture.
Stripe, valued at around $70 billion, recently reintroduced crypto payments for U.S. businesses, supporting USDC on blockchains such as Ethereum, Solana and Polygon. In June, the company also announced a strategic partnership with Coinbase, which integrated Coinbase’s Base Layer 2 network into its crypto payments solutions. Coinbase, in turn, added Stripe as a cryptocurrency purchase method for its digital wallet users.
This $1,1 billion deal not only stands out as the largest acquisition within the cryptocurrency niche, but also signals a strengthening of the use of stablecoins as a viable and stable solution for digital financial transactions.
