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Stripe Finalizes $1.1B Acquisition of Stablecoin Network Bridge

Writer's picture: Blockonome GnomeBlockonome Gnome

The acquisition marks Stripe’s deeper move into crypto payments.


Stripe Finalizes $1.1B Acquisition of Stablecoin Network Bridge

Stripe, one of the world’s leading fintech companies, has reportedly finalized its acquisition of Bridge, a stablecoin network founded by former Coinbase and Square executives. The deal, valued at approximately $1.1 billion, represents the largest crypto acquisition in history and Stripe’s most significant move into the cryptocurrency space to date.


The deal was first leaked by TechCrunch founder Michael Arrington on X (formerly Twitter), although neither Stripe nor Bridge has officially confirmed the transaction at the time of reporting.


Bridge, a relatively young company, was launched with the mission of building a global payment infrastructure powered by stablecoins. Their goal is to facilitate quick and inexpensive cross-border transactions using stablecoins, a fast-growing sector within the crypto space. In its short time, Bridge has raised $58 million in funding from big-name investors such as Sequoia Capital and Index Ventures, and counts Coinbase and SpaceX among its clients.


Stripe’s acquisition is seen as part of a larger strategy to reestablish itself within the cryptocurrency sector, particularly stablecoins. The payment giant, which had first embraced Bitcoin payment processing in 2014 before dropping it in 2018 due to high fees and processing delays, has been slowly reentering the space. It recently enabled support for stablecoins like Circle’s USDC and Pax Dollar on Ethereum, Solana, and Polygon networks, allowing businesses across 70 countries to process payments using stablecoins.


This acquisition is a major step forward in Stripe’s renewed crypto strategy. Stripe’s interest in stablecoins, viewed as less volatile and more practical for daily transactions than traditional cryptocurrencies, seems to align with its future vision. With other payment giants like PayPal launching its own stablecoin (PayPal USD) and Visa exploring stablecoin infrastructure, Stripe’s entry into this space positions it among the top players driving the next phase of digital finance innovation.


Stripe’s recent partnerships with crypto platforms such as Coinbase and Blockchain.com suggest a commitment to improving fiat-to-crypto conversion, making cryptocurrency more accessible to businesses and consumers alike. Whether Stripe itself will launch its own stablecoin remains to be seen, but its acquisition of Bridge marks a clear investment in the future of crypto-powered payments.


As businesses worldwide continue to adopt stablecoins for their stability and efficiency in cross-border transactions, Stripe’s latest move could further accelerate the widespread use of digital currencies in everyday commerce.


photo source / Blockonome

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Blockonome's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

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