Private Payments Giant Stripe to Acquire Stablecoin Platform Bridge

Payment company Stripe is in advanced talks to acquire stablecoin payment platform Bridge, sources told Bloomberg. However, no final decisions have been made and either of the firms could withdraw from the deal anytime, they added. The news follows Stripe’s integration with Paxos stablecoin payments platform, revealed on October 15, designed for payment service providers (PSPs). Bridge’s stablecoin-focused platform is designed to allow businesses to create, store, send, and receive stablecoins – Tether’s USDT and Circle’s USDC. Bridge raised $58 million in funding from major investors including Sequoia, Ribbit, and Index Ventures.

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