BTCUSDT Stripe has acquired Bridge for 1.1B in crypto's largest purchase
Payments company Stripe has acquired stablecoin platform Bridge in a 1.1B deal, according to TechCrunch founder Michael Arrington. Stripe’s largest acquisition to date, and the largest acquisition in the crypto industry’s history, Bridge had raised 558M from investors (Sequoia, Ribbit Capital, Haun Ventures and Index Ventures) and was previously valued at 200M. Bridge offers software that helps businesses accept payments in stablecoins, signalling an expansion of Stripe’s crypto adoption efforts.