Stripe makes $ 1.1 billion a crypto bet as it closes when acquireing a bridge

Stripe has closed at your purchase of $ 1.1 billion On the Stablecoin Platform Bridge – Marking the Payment Giant The biggest acquisition so far and a noticeable pressing in cryptocurrency.

Coinbase and Square Alumni Zach Abrams and Sean Yu, San Antonio, based in Texas Bridge, built an API that helps companies to accept stable. The couple raised $ 58 million from investors such as Index Ventures and Sequoia Capital, according to Pitchbook. He was estimated at $ 200 million when he raised Serie A from $ 40 million in 2024.

With this acquisition, Stripe obviously relies on a large cryptocurrency.

On February 5 PostCo -founder and CEO of Strip @Stablecoin) To grow very fast and yet we are shocked by how quickly the adoption breaks out. In the coming years, all programming money will probably want a stable strategy. “

Last July Stripe Activated cryptocurrencies In the EU and in October, Fintech announced a cryptocurrency payment that allows traders to accept stable.