Stripe is in talks to accumulate stablecoin platform Bridge for a whopping $1 billion, in keeping with Forbes. The talks are reportedly in superior phases, though nothing has been finalized.
Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has constructed an API that helps corporations settle for stablecoins. The pair raised $58 million from buyers like Index Ventures and Sequoia Capital, in keeping with PitchBook. If the cope with Stripe goes via, it will be an enormous bounce from Bridge’s $200 million valuation, in addition to being Stripe’s largest acquisition up to now.
Stripe has made it clear that crypto is a big precedence for the corporate. In July, it enabled crypto purchases within the EU, and earlier this month, Stripe introduced a Pay with Crypto function that lets retailers settle for stablecoins.
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