Fintech giant Stripe has acquired stablecoin platform Bridge for $1.1 billion, as reported by TechCrunch founder Michael Arrington. This marks Stripe’s largest acquisition to date and the biggest deal in the cryptocurrency industry so far.
Founded by experienced entrepreneurs Sean Yu and Zach Abrams, Bridge has become a leading provider of software solutions that enable enterprises to process stablecoin payments.
The acquisition delivers an exceptional return for Bridge’s investors, reflecting a significant premium over the company’s $200 million valuation during its Series A funding round, where it raised $40 million of its total $58 million in venture capital.
This strategic acquisition aligns with Stripe’s recent expansion into cryptocurrency services. Earlier this month, the company reintroduced crypto payment functionality for U.S. businesses, supporting USDC transactions across multiple blockchain networks, including Ethereum, Solana, and Polygon.
The deal also builds on Stripe’s partnership with Coinbase in June, where Stripe integrated the Base layer-2 network into its crypto payment services and became a payment method within Coinbase Wallet.
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