Stripe Acquires Stablecoin Platform Bridge for USD 1 Billion Making It Biggest Acquisition in Crypto So Far
Stripe, a US-based financial services firm said that it acquired stablecoin platform Bridge for USD 1 billion. According to reports, this marked the biggest acquisition in the crypto market yet.
US-based financial services company Stripe acquired stablecoin platform Bridge for USD 1 billion. Bridge supported stablecoin payments in more than 70 countries. The acquisition is called the biggest in the cryptocurrency world so far. With this move, fintech firm Stripe would position itself on the front in the crypto and stablecoin payments. According to a report by Technopedia, Bridge had raised USD 40 million through a Series A funding round, and Stripe had surpassed the USD 1 trillion milestone in total payment volume in 2023. With a USD 70 billion valuation, Stripe aims to push itself deeply into the crypto payment sector. The report said the deal was announced two weeks after the firm introduced stablecoin payments. Groww Financial Results: Online Brokerage Firm Reports Net Loss of INR 805 Crore in FY24, Clocks INR 3,145 Crore in Revenue.
Fintech Firm Stripe Acquired Stablecoin Bridge for USD 1 Billion
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