Stripe’s $1.1B acquisition: Implications for Solana and crypto VC
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News has slowly been trickling out that Stripe acquired the stablecoin platform Bridge for a reported $1.1 billion.
The acquisition is among the biggest ever in crypto, and it gave some credence to the idea that stablecoins — which provide crucial liquidity for crypto markets and show promise for making TradFi more efficient — might be the killer non-bitcoin use case for crypto.
The story also comes a few days after Stripe formally announced it had re-enabled crypto payments in the US with stablecoins.
At risk of adding more noise to an already-crowded news…
