Tag: stripe
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Stripe’s $1.1 Billion Bet on Stablecoin Infrastructure with Bridge Acquisition
Stripe, once wary of crypto, has acquired Bridge, a startup focused on stablecoin payments, for $1.1 billion. Bridge processed $5 billion annually, but Stripe’s interest lies in the team’s expertise and the product’s readiness to scale stablecoin-based financial services. With stablecoins processing $7 trillion in 2022, Stripe sees them as a modern alternative to legacy…
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Stripe to Acquire Stablecoin Fintech Bridge for $1 Billion
In a major move toward expanding its cryptocurrency capabilities, Stripe is set to acquire Bridge, a stablecoin payment platform, for $1 billion. Bridge offers businesses and governments the infrastructure to send and receive stablecoins like USDC and Tether, facilitating cross-border transactions and financial inclusion. This acquisition aligns with Stripe’s strategy to enhance global payment services.…
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