Stripe has closed its buy of $ 1.1 billion in Stablecoin platform bridge – marking the most important acquisition of the fee big thus far and a tangible thrust within the crypto.
Co-founded in 2022 by the alumni of Coinbase and Sq., Zach Abrams and Sean Yu, Bridge, based mostly in San Antonio, Texas, constructed an API that helps firms settle for the stablés. The pair has raised $ 58 million in traders resembling index Ventures and Sequoia Capital, based on Pitchbook. It was estimated at $ 200 million when he raised a sequence A of $ 40 million in 2024.
With this acquisition, Stripe bets clearly very massive on the crypto.
In an article on February 5 on X, the co-founder and CEO of Stripe, Patrick Collison, wrote: “We anticipated Bridge (go to observe them at @stablecoin) to develop in a short time, and we’re however shocked by the pace with which adoption explodes. Within the coming years, everybody strikes programmatic cash will doubtless desire a Stablecoin technique. »»
Final July, Stripe allowed crypto purchases within the EU, and in October, the Fintech introduced a wage perform with crypto which permits merchants to simply accept stablecoins.
