Stripe Secures $1.1B Bridge Stablecoin Payment Push

Key Points:

• Stripe is in advanced talks to acquire the stablecoin platform Bridge for a massive $1 billion, marking its largest acquisition ever.
• Co-founded by Coinbase alumni, Bridge raised $58M from top investors like Sequoia Capital, with a valuation jump from $200M if the deal goes through.

According to Forbes, Stripe is in advanced discussions about buying the Bridge stablecoin payment for $1 billion.

Stripe in Advanced Talks to Acquire Bridge for $1 Billion

Co-founded by Coinbase alumni Zach Abrams and Sean Yu, Bridge stablecoin payment has made some of the most recent headlines in Fintech for building an API to enable firms to accept stablecoins easily. According to PitchBook, a recent fundraising round of $58 million includes the well-noted Index Ventures and Sequoia Capital among the two venture capital investors.

If the acquisition goes through, that would be a giant leap from its current valuation of $200 million, putting Bridge stablecoin payment in one of the leading spots within the burgeoning crypto payment space.

Read more: Stripe Crypto Integration Now Supports EU Customers

Stripe Strengthens Commitment to Cryptocurrency with New Acquisition

For Stripe, this would be a deal that underlines the company’s growing commitment to cryptocurrencies and blockchain technologies. This July saw Stripe launch crypto purchases across the EU, and just this month, the Pay with crypto feature—which allows merchants to accept stablecoin payments—was launched on the platform. Such moves hint at Stripe’s determination to stay at the forefront of FinTech innovation and cash in on the swelling demand for digital currencies.

The acquisition of Bridge stablecoin payment would further cement Stripe as a leader in the evolving crypto ecosystem, where stablecoins are fast becoming an integral part of online payments. The pending deal can open ways for businesses all over the world to start integrating stablecoin transactions seamlessly into their platforms for faster, more secure methods of payment.