Record-Breaking $1.1 Billion Deal: Stripe Acquires Stablecoin Platform Bridge

Stripe has acquired the stablecoin platform Bridge for $1.1 billion, marking the largest crypto industry acquisition to date.

Confirmed by Techcrunch founder Michael Arrington, this deal underscores Stripe’s deepening involvement in cryptocurrency. Bridge’s software enables businesses to accept stablecoin payments, positioning Stripe to expand its digital asset offerings.

The acquisition signals the growing integration of traditional finance and digital currencies, potentially driving broader adoption of stablecoin solutions in mainstream financial services.

Clever Robot News Desk 21^th October 2024