Stripe $1.1 billion acquisition of stablecoin start-up Bridge
Stablecoins, cryptocurrencies pegged 1:1 to the value of fiat-currency like the dollar, have emerged as one of the most effective ways to settle international payments using blockchain, prompting large companies like Visa and PayPal to integrate them into their services. The latest payment giant to advance stablecoin adoption is Stripe, which announced the acquisition of start-up Bridge on Monday.
The $1.1 billion acquisition was originally announced on Sunday by TechCrunch founder Michael Arrington on X and later confirmed by both Stripe and Bridge. The deal is the largest crypto acquisition by a major payments company.
In his post confirming the acquisition, Stripe CEO Patrick Collison called stablecoins “room-temperature…
