Stripe In Talks To Buy Stablecoin Startup Bridge For $1 Billion
Stripe cofounder John Collison has overseen the fintech giant’s reentry to the crypto space.
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Months after cofounder John Collison declared “crypto is back,” fintech unicorn Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, five sources familiar with the discussions told Forbes. The price tag: $1 billion, three of these people said.
The acquisition, which is still under discussion and subject to either party walking away, would likely be the largest to date for Stripe, most recently valued at $70 billion. Regulatory considerations such as licenses, as well as compensation for employees including Bridge founders Zach Abrams and Sean Yu, remained potential hurdles, two of the…
