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Stripe acquires Bridge for $1.1 billion
By Daniele Corno
Stripe platform acquires Bridge, which specializes in stablecoin payments, for $1.1 billion
Record-breaking acquisition for Stripe
Stripe has made headlines with its acquisition of Bridge, a platform that facilitates stablecoin payments.
With a value of $1.1 billion, this deal represents the largest acquisition in fintech history.
Founded by Sean Yu and Zach Abrams, Bridge offers software that helps businesses manage stablecoin payments easily and effectively. Sean Yu has worked in leading fintech companies, while Zach Abrams, a former Coinbase executive , has extensive experience in the cryptocurrency world .
This acquisition also marks a strategic step for Stripe, which aims to expand its offerings in the crypto sector and strengthen its position in the market. Currently, Stripe has a valuation of $70 billion, a sign of its growth and importance in the industry.
Exponential growth for Bridge
The acquisition shows the rapid growth of Bridge, which has seen its valuation increase from $200 million to $1.1 billion.
This jump highlights the importance of the platform in the crypto landscape. Indeed,with its customizable payment solutions, Bridge is a key partner for companies looking to enter the stablecoin market.
In addition, the recent reintroduction of USDC payments for U.S. companies and the partnership with Coinbase demonstrateStripe’s commitment to consolidating its leadership in digital payments. With this move, Stripe not only expands its offering, but also positions itself as a key player in the cryptocurrency payments transformation.
